TZA has been down a lot because small cap has been resillient recently. I see some signs of life in TZA and here is my trading ideas:
1- For those who buy the underlying, just buy the shares at 11.
2- For option traders, Buy Bullish call 11-13 spread for March.
Remember if TZA moves up, since it is 3X IWM, the move will be fast and very profitable.
You can always set your own stop loss but I would recommend 10.65 as stop loss for the shares.
1- For those who buy the underlying, just buy the shares at 11.
2- For option traders, Buy Bullish call 11-13 spread for March.
Remember if TZA moves up, since it is 3X IWM, the move will be fast and very profitable.
You can always set your own stop loss but I would recommend 10.65 as stop loss for the shares.