The option side of FAZ is negative on both ends... it could change at days end of course.
It seems that there are a bunch of people walking cautiously on this one... Despite FAZ starting to tank down again, the put side is still selling off... possible marker that financials turn at this bear rally is ending (and shifting elsewhere, today it is tech). No one is going to be fooled with the banks in the long run...
SRS is a definite buy here...maybe <40 would be a buy... but definitely nibble here. It broke its 52 wk low...
The longer this rally goes, the more it complacent 'fear' seems to be pent up. VIX support is 40... below that... the bears will be licking their chops...
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