Akksujean

DRV - Long Feb 2022 $7 calls

Long
AMEX:DRV   Direxion Daily Real Estate Bear 3X Shares
Real Estate starting to feel the pain in China as Evergrande implodes - How much longer before the contagion spreads? Weeks? Months? Clock is ticking.

DRV x3 Real Estate short ETF has a couple nice Gaps to fill at ~$12 and ~$20.

Stoch and RSI appear to be confirming a potential bottom/turn back up here on the weekly. AO also predicting a move up sooner than later.

Last few times the RSI got this low on the weekly - DRV spiked hard soon thereafter.

Adding to Feb 2022 $7 calls.

Not financial advice.
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