Replies to post #12351 on Direxion Daily Financial Bear 3X Shares (FAZ)

[Porgie Tirebiter]

Especially the pop in volatility. I wasn't actually in FAZ today, I was in June 15 calls, so I got a two-fer. You always sell volatility. Those calls will decrease in value overnight, unless FAZ gaps up significantly by the open tomorrow. And counting on that would be a gamble.