Follow Up To REIT Posting

On January 20 I wrote an article wondering whether a big move in the price of REIT ETFs might be coming because of what I thought were expensive options. In the two weeks following that post the group dropped between 4% and 5%. They have since retraced a big chunk of that move.

The point of this is not to pat myself on the back. I don't think this was a particularly insightful call. Anyone can watch the way options trade and see when distortions in premiums might be signaling something.

Even if you don't trade options this type of minding the store can be useful.