Direxion Daily Financial Bear 3X Shares (FAZ)

[Porgie Tirebiter]

That's not a bad profit so far. If I was in the options today, I would have bought the 15.

Not being critical, I just like a higher delta, and the exposure to volatility would be roughly half. Of course if FAZ screams higher, and volatility ticks higher, and it looks like it may, your position would probably beat my hypothetical one.

My position would be a little more conservative than yours. I would do better on a flat day, you'll do better on a screamer to the upside.

I think you are going to make some serious money today.

I'm just in FAZ itself today.

I have my own rules, and options today would have broken my personal rules.