VIXY & FAZ 1st for volatility and the later for shorting Financials
got them last week due to the China Bank situation, and if the Dow tumbles normally the financials are not immune regardless, and inflection points carry volatility usually so that is the VIXY.
If you get involved with them make sure to set some stops, mine are usually based on the ATR for the stocks and the LOD of the day entered, but regardless it may be a decent flip for a market which suddenly takes a dip or a correction.
JMHO - little offensive defensive. BOL T2M
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