Direxion Daily Financial Bear 3X Shares (FAZ)

[Porgie Tirebiter]

"options don't move when the stock does."

Hmmmm, you've been buying out of the money options and not paying attention to the VIX. You just can't win doing that. That's like paddling a canoe up the Colorado River.

The sweet spot is in the money, delta just under .9 when the VIX is low or rising. Only then do you begin to put the odds in your favor. Of course, you still need the underlying to move your way, but at least you will be paddling in the same direction as the current.