FAS not Shortable

Discussion in 'ETFs' started by cstfx, Aug 6, 2009.

  1. cstfx


    FAS is no longer shortable on IB or Lightspeed. (11:00 am Thurs) Anyone else able to short it?
  2. joe4422


    TOS can get it most of the time
  3. Buy FAZ for your hedge.
  4. cstfx


    it was to trade, not hedge. skf would have worked too then. but I trade FAS long and short because of its volatility.
  5. I know you should have bought FAZ as a hedge
    Cause everyone know,s it has to come down after a long bull run like that
  6. FAZ = -1 x FAS intraday
    SKF = -2/3 x FAS intraday

    If you want the same volatility, just buy more shares. I don't understand the need to short FAS for a day trade.
  7. I should not have assumed you were hedging. I should have said buying FAZ is roughly the same as shorting FAS. It's hard to short TNA sometimes too, so I buy TZA when needed.