You really need to do a google or yahoo search for "Penny Stock 101 org' and signup for their 100% complimentary email newsletter. They consistently bring me winning trade ideas. Just 8 ½ weeks into the 'Fall 2015' season and they've put out a combined total of +1,843% in profit. I am very impressed! Try it out for yourself now.
Options always make more but uco has decay and options that far out would be a waste. Uco you need to trade weeklies.
I was wondering - do you think you could make more money buying 2018 $20 call options at around $700 each contact, or just putting the $700 in UWTI? I was trying to find out which would give a better return if oil did swing up relatively fast. I remember last December 1st, UCO would have been $87.20 (adj for split), so if it got back to that level (hypothetical) a $20 call would be around $6700 (I know I'm not taking into account VIX, just hypothetical) and Dec 1st UWTI was at $110.80 (adj for split) so $700/7 = 100 shares x $110.80 is $11K.
I know these numbers are rough, but I just wandered if anyone else was doing this and had any ideas.
Serious replies please. Thanks!
it's going to be a harsh winter for the Russians, they will get the real chill from the low oil price, to bring the Russians down the price of oil has to be low and remain low for a long period of time
Well I think $8 is way low but I posted this was going to test $20 which it did. Now I think it will test $17 range. I was going to be a buyer in $19 range, but decided to wait a little more.
LOL now there's the joke post of the Day. Get ready for the run up as all the shorts start closing for rollover..