New revelation -- A sideways ETF --

[Topper]

IMO this would be an outstanding idea for days/times like this! :eek:

 

[Topper]

Think about it.... "ultra sideways ETFs" which is basically a form of spread trading in an instrument that trades like a stock.

 

[scriabinop23]

Quote from Topper:

Think about it.... "ultra sideways ETFs" which is basically a form of spread trading in an instrument that trades like a stock.

An ETF that sells straddles and strangles, right?

 

[slapshot]

Quote from Topper:

Think about it.... "ultra sideways ETFs" which is basically a form of spread trading in an instrument that trades like a stock.

"Introducing the Ultra Sideways ETF's - for the traders that can't avoid compulsive trading during the chop times!"

 

[NY0BScalper]

Like the ultralong and ultrashort ETFs, it would wither away into oblivion.

Sounds like a great product!

 

[AyeYo]

They have those already. They're called savings accounts.

 

[Pekelo]

Quote from Topper:

Think about it.... "ultra sideways ETFs" which is basically a form of spread trading in an instrument that trades like a stock.

It isn't necessery. You just need 2 ETFs one long and one short with 1-1 positions. Once the market swang one way, you close the position in the money and wait for the return to the mean for closing the position formerly in the red....