FAZDirexion Daily Financial Bear 3X Shares
FAZ Fund Description
FAZ provides 3x inverse exposure to a market-cap-weighted index of US large-cap financial companies.
FAZ Factset Analytics Insight
FAZ provides 3x inverse leverage exposure to the Russell 100 Financial Services Index—a subset consisting of large-cap financial companies from the Russell 1000 Index. FAZ charges a fee for such exposure, however, the product isn’t designed for long-term investors. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index. As a levered product, FAZ is not a buy-and-hold ETF, it's a short-term tactical instrument. The fund rebalances daily. Over longer periods, returns can vary significantly from -3x exposure to its underlying index.
FAZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FAZ. FAZ is rated a N/A out of 5.
Options Strategies for Outcome Investing
Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.