Let’s take a look at, until recently, my favorite short – the real estate fund iShares U.S. Real Estate ETF (NYSE:). I still have a broad stance on this (June $112 Put Options) and the analog holds well.
here is a closer look at recent activity. I’m somewhat upset with the rise in stocks on Thursday and Friday, but given the explosion of the rally we’ve had (literally about four thousand points on the within a few weeks) I guess I shouldn’t be surprised.
Incidentally, there are other ETFs with very similar patterns (since they are also based on house building / real estate) such as SPDR® S&P Home Builders ETF (NYSE:):
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