Reallifetrading

FAS weekly bull put spread / possible condor.

AMEX:FAS   Direxion Financial Bull 3X Shares
117/116 weekly bull put spread .09 limit

I will only look at this spread if we closed below 120 on the hourly.

Look to leg into a 129/130 bear call spread. IF you do both legs together, .15 limit on the condor expiring this week. I would not look at bear call spread unless FAS closes above 127 on the hourly.
Could consider buying a shorter term call if FAS breaks 125.11 resistance.

Thanks for helping us Enrich Lives!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.