Bonta
07-19

I opened $TZA 20240816 13.0 PUT$  ,Replacing the TZA position that I took profit in. Reduced the strike price lower due to lower TZA prices for some buffer. Current prices are near all times low. Upside potential is higher than downside potential.
TZA PUT
07-19 21:50
US20240816 13.0
SidePriceRealized P&L
Sell
Open
0.38--
Closed
Direxion Daily Small Cap Bear 3X Shares
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  • singsongone 10
    ·07-23
    TOP

    Means you’re bearish on $iShares Russell 2000 ETF(IWM)$ ?

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    • Bonta: 
      Both yes and no. Although Iwm is elevated, TZA doesn’t just monitor iwm. Being a leveraged etf, the 3x bearish movement weighs on it. This position is a combination of bearish on iwm and also the breaking of bullish streak.
      07-23
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  • OutsiderLEO
    ·07-23
    Nice move! Lowered strike price for a buffer. Smart strategy. [Smart]
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  • Barcode
    ·07-24
    Awesome move! 🙌
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  • Pilates
    ·07-19
    🙌🏻🙌🏻🙌🏻
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