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Wednesday's Bearish Trades

|Includes: Direxion Daily Energy Bear 3x Shares ETF (ERY)

Well, yesterday was a 50/50 split. I went with an oil stock & an announcement came in that US crude supply was down so stock went up. Futures are looking at opening higher for the fourth straight day. If this is true and I am focusing upon making money on the downside on this stock, then I am going to stick with gold-related stocks possibly. My ABX should continue to go down today for a nice profit. What else can I find?


We have one to look at today.

ERY trading at $11.27 buy a Jan 11 PUT at $.53

There are a number of reasons we are looking at this one:
1. It is (x3) bearish energy ETF & it says sell the stock.
2. The Energy ETF XLE is giving strong buy signals.
3. Market is suppose to go up.

This looks like a strong day based upon all the signs of the market. We shall see how profitable it is. I am expecting to make money on yesterday's trade as well as today's!