TZA has been down a lot because small cap has been resillient recently. I see some signs of life in TZA and here is my trading ideas: 1- For those who buy the underlying, just buy the shares at 11. 2- For option traders, Buy Bullish call 11-13 spread for March. Remember if TZA moves up, since it is 3X IWM, the move will be fast and very profitable. You can always set your own stop loss but I would recommend 10.65 as stop loss for the shares.