Financials have run up so quickly, I'm entering my first trade ever in FAZ, the triple-inverse financials ETF. This thing is so volatile it has a 100% margin requirement. As an example of the runup in financials I'm talking about, here's BAC:
Here's the entire intraday minute bar history of FAZ. It's obviously had a very rough run due to the recent strength of the financials, but I feel pretty good about this trade.
