Thursday, February 5, 2009

Take your pick - IYR PUTS or the SRS

Commercial Real Estate is a Disaster.



Earlier today, Kimco Realty, the shopping center Reit reported earnings, and they were UGLY! I own a large position in IYR puts, which is a great way to play the crumbling commercial real estate market. The IYR finally broke support at 30 earlier this morning, and I am planning or riding this one down to 27.

Another option is buying SRS on the long side. It seems to keep bouncing up from its support of 50, and those that have bought at 50 have been rewarded.