Defined risk - Speculative trade. Mean reversion due.
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..
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..