TZA Short Put Spread

Discussion in 'Options' started by syswizard, Oct 22, 2011.

  1. Lots of support for this bad boy (Leveraged Small cap short fund) around 30-31.
    Sell 10 33 puts $3.50
    Buy 10 30 puts $1.75
    November expiration

    Rationale for the trade:
    This economic environment has just got to be crappy for the small caps.