FAS not Shortable

[cstfx]

FAS is no longer shortable on IB or Lightspeed. (11:00 am Thurs) Anyone else able to short it?

 

[joe4422]

TOS can get it most of the time

 

[endsongs]

Buy FAZ for your hedge.

 

[cstfx]

it was to trade, not hedge. skf would have worked too then. but I trade FAS long and short because of its volatility.

 

[ksonsinc]

I know you should have bought FAZ as a hedge
Cause everyone know,s it has to come down after a long bull run like that

 

[markettimer]

FAZ = -1 x FAS intraday
SKF = -2/3 x FAS intraday

If you want the same volatility, just buy more shares. I don't understand the need to short FAS for a day trade.

 

[endsongs]

I should not have assumed you were hedging. I should have said buying FAZ is roughly the same as shorting FAS. It's hard to short TNA sometimes too, so I buy TZA when needed.