Replies to post #1460 on Direxion Daily Financial Bull 3X Shares (FAS)

[Porgie Tirebiter]

You were making money off the pop in volatility. That strategy will be a sure loser when the VIX index starts falling.

Long out of the money options in both FAS and FAZ will be losers even if the underlying moves your way. Volatility crush is particularly brutal with these two ETFs. Beware.

[rocco2]

Shankapotamus, did you buy a put this afternoon?