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[Entering Position in ProShares UltraShort S&P 500 (SDS)]
Dear Member:
The downward momentum looks like it still has life. I am able to play downward movements by buying certain ETFs (Exchange Traded Funds) that rise in price as the index to which they are related goes down. ProShares UltraShort S&P 500 (SDS), for example "...seeks daily investment results that correspond to twice the inverse of the daily performance of the S & P 500 index." These ETFs trade just like stock so they can be bought or sold throughout the day and the normal orders, including stops can be used with them.
I am placing an order to buy to open shares of the ProShares UltraShort S&P 500 ETF (SDS) at a limit of $60.85.
DISCLOSURE: At the time of publication, I have no position in SDS. I do hold various option positions in SPY which also tracks the S&P 500.
Sincerely,
Bill Kraft
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