Author: mungofitch

Subject: Re: ETF question

Date: 4/12/2020

Recommendations: 6

Click "Run Screener"... My hero! I thought of that, but bits of it, notably the styp.a=73, was beyond my ken And I`m still not sure about why the beta test is in there. A junk filter, but not sure what it`s eliminating. In case anybody is wondering why I asked--- One popular theory is that this market is going to have another big bad leg down at some point. i.e., the current rally is a dead cat and then it`s the end of the world as we know it. If that were true, I speculate that the things likely to fall the most on the second dip will correlate strongly with the things that have bounced the most recently. This would exclude those that are moving based on news that might repeat. (gold and oil) So, if one wanted to buy some disaster put options that would pay off a lot if the market tanks, the biggest bouncers might make good candidates to check out. I`m too lazy to build slates of individual stocks, so I thought some ETFs with traded options might do the trick nicely. It will give me some inspirations of what industries have seen a burst of perhaps unfounded optimism. For example, some things I`ve already spotted among the biggest bouncers that hadn`t immediately occurred to me: Preferred shares Some emerging market equities, Russia, Chile, Indonesia, but also Canada Home construction Real estate, REITs Medical devices Vanguard Utilities sector (up over 29%! utilities!) Health care providers So, as a random pick, one might buy October low-strike put options against PFF, the most liquid of the preferred ETFs that have bounced a lot. Jim