AMEX:TZA   DIREXION DAILY SMALL CAP BEAR 3X SHARES
48 0 0
Trade setup using a protective put on the TZA             3x Bear ETF

Risking about 8% if the trade turns sour.

We had 2 important cross ups today:
  • RSI over 45
  • Williams %R over -80

Observed bullish divergence in RSI .

Setup:

May look to collar (sell an OTM call) the position if we reach target.

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