Planning on shorting the consumer discretionary ETFs by buying some slighlty out of the money puts. Putting all my eggs in one basket as I truly believe this is a rare opportunity. Reasoning : Subprime lenders tanking Banks tightening No more House ATM withdrawals Consumer spending set to collapse Any other suggestions as how to play a drop in consumer spending for a small retail investor ?
I don't trade options, but I would imagine the IV has gone ballistic this week. Depending on your strategy, that could matter a lot. TNG