whatanorder!

FAS and FAZ: A Short-Seller's Dream?

I have shorted these as intermediate term hedges. Nothing is riskless & the risk here is that as volatility falls this trend will reverse, i.e., both fas & faz may outperform their respective indices. I've already noticed that happen to some extent as vix falls. I have seen similar problems shorting the options. As always a VERY sophisticated trader (not me) can continue to use these to his/her advantage, but the rest of us need to stay on our toes.
:-)