Re: [TheOptionClub.com] Call options on SPXU

 

Yes it is. However, I have been buying Puts on SPY for the past month.

> I have bought call options for the better part of a year. With some
> success.
>
> Now I am not a put buyer.
>
> So I consider the alternative of buying call options on SPXU (shorting the
> S&P 500). Just so I get it right I have a question.
>
> Can anyone confirm that a call option on a short ETF is a bet on the S&P
> 500 trending lower?
>
> After the S&P broke 1040 to the downside I look for this strategy.

--
Charles J. Hargrove - N2NOV
NYC ARECS/RACES Citywide Radio Officer/Skywarn Coord.

NYC-ARECS/RACES Net Mon. @ 8:30PM 441.100/136.5 PL & 145.230/114.8 PL
http://www.nyc-arecs.org and http://www.nyc-races.org

NYDXA SWL & Scanner Net Wed. @ 9PM 441.100/136.5 PL & 145.230/114.8 PL
http://www.n2nov.net

"Information is the oxygen of the modern age. It seeps through
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