SH is an exchange traded fund (ETF) that seeks daily investment results that correspond to the inverse of the daily performance of the S&P 500 Index (SPX).



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Since this is not as highly leveraged as the "ultra ETFs," it may be used to more conservatively hedge a portfolio against a market decline.

Strong resistance on the S&P 500 rests at 920 to 930, and it closed at 920 on Friday (June 26). The purchase of SH could be an excellent choice in a market that will probably not break to new highs.

The target for this trade is $73.

By Sam Collins of OptionsZone.com