04-17-2020, 12:04 PM
(04-17-2020, 11:36 AM)stockguru Wrote: I shorted the SPY but played it a different way and just bought SPDN today. This way I don't have to full with options and will play the bounce from $25 to $33
I like this one and wont get hot hard. At these levels I thought it was worth a shot.
I went with SQQQ today, which is a similar fund geared towards shorting the NASDAQ index. With the TTM P/E on the NASDAQ above where it was on 12/31/2019 heading into a bunch of tech earnings next week, seemed like the right add on the speculative gambling side of the portfolio.