As a correction in BJK (VanEck Vectors Gaming ETF) & nearly all of its components appear imminent, BJK will be added as an Active Short Trade here around the 49.64 level.

BJK daily May 24th

BJK daily May 24th

The price targets are T1 at 44.43 and T2 at 41.75 with a maximum suggested stop (if targeting T2) of any move above 51.75. The suggested beta-adjusted position size for this trade is 1.0.

As BJK is a relatively thinly traded ETF, which can result in a fairly large spread between the bid & ask price, the use of a limit order is preferable to a market order. When trading securities with large spreads, I will typically split the difference between the bid & ask price & round down a little closer to the bid price in the case of a sell order, such as an opening trade to sell short BJK.

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