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Smoothontop
Jan 17, 2016 7:49 AM
Defined risk - Speculative trade. Mean reversion due.
Long
AMEX:FAZ
1D
Direxion Financial Bear 3X Shares
Arca
Description
⋅
Jan 17, 2016 7:49 AM
Buy Vertical PUT Option spread on FAZ ATM ($55) 3 mth expiration to close at $40.
I have entered this as LONG - that is obviously referring to the market going long facilitating this trade which is SHORT on the FAZ 3 x ETF..
speculative
defined
risk
FAZ
mean
reversion
support
AND
Support and Resistance
pasr
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