FAZ IS FANTASTIC!!

09/22/2011 | By

While the market melts down we have been busy racking up the wins in the triple financial bear, otherwise known as the FAZ.

We’ve hit this for BIG 300%+ wins a couple of times this month on this vehicle while the banks crater.  I like the action on this issue as it ramps hard and delivers some juicy profits.

Further, playing the weeklies allows us to play this with less time decay – the reliability of the instrument to ramp hard end of the week gives us a chance for a big score.

In September we’ve seen this happen on three occasions, and I’ve taken advantage of it each time.

You’ll recall I sent these trade ideas on twitter, many of you caught them and rode to big profits alongside me (only subscribers to THIS service could get this in time).

Below is a chart with notes that demarcate the technicals I’m looking at on the setup of the trade.  Some were in the 58 call from Monday and sported  300% winner, others were in the spread from yesterday and netted a 100% winner (or more).

Earlier in the month I tweeted two other opportunities for a big score on this ETF.  Chart of FAZ is below, you can see what I’m looking for.

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Category: Technical Analysis

About the Author ()

Bob Lang has been a private trader in equity and option markets for several years and manages separate accounts via Aztec Capital LLC. He has managed a $300 million pension and 401(k) plan for a Southern California cooperative. In early 2000, Lang started a hedge fund for private and institutional clients. This fund, Aztec Partners, was a top-performing fund that year relative to its peer group. In 2002, Lang worked with floor traders in the active bond-trading group of Countrywide Capital Markets. In May 2011, Lang launched an options trading service called Explosive Options.

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