$Direxion Daily Small Cap Bear 3X Shares(TZA)$
Is 3x inverted etf for small caps.
It's low when markets are greedy and high when markets are fearful.
current valuation of TZA is starting to be attractive to be used as a hedge especially before further economic announcements.
Just in case, I choose to sell put options at $23, which will give the etf more room to move.
If price fall below $23, I will buy it at a discount, if prices dun fall, I will pocket the difference. Good deal, regardless of what happens.
In addition, the current iv is positive also,
Just gives even more advantage to the position.
Let's see how it goes.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
I would like to buy in the dip at 20 USD.
I don’t think small caps are my favorite ones to buy.
3x inverted ETFfor small caps? looks good.