New revelation -- A sideways ETF --

IMO this would be an outstanding idea for days/times like this! :eek:

 

Think about it.... "ultra sideways ETFs" which is basically a form of spread trading in an instrument that trades like a stock.

 

An ETF that sells straddles and strangles, right?

 

"Introducing the Ultra Sideways ETF's - for the traders that can't avoid compulsive trading during the chop times!"

 

Like the ultralong and ultrashort ETFs, it would wither away into oblivion.

Sounds like a great product!

 

They have those already. They're called savings accounts.

 

It isn't necessery. You just need 2 ETFs one long and one short with 1-1 positions. Once the market swang one way, you close the position in the money and wait for the return to the mean for closing the position formerly in the red....