ProShares UltraShort S&P500 Message Board

  • vipinkot47 vipinkot47 Aug 15, 2011 2:32 AM Flag

    SDS Options....?

    Does SDS has weekly options in the month of September? What is your opinion on selling Covered $26 Strike August 20 Call @around $0.60 on Monday or wait until Tuesday when the SDS might go up and get a better Call premium??No BS please!!!

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    • The spy is hovering over the 200 sma on a 15 min chart, but the upro, the mirror image, is trading below the 200 sma. Monday is a big day as we watch what direction the institutions take the market. Asia and europe traded up, however I think they are following the USA. In other words if we sell off on Monday they will follow.In additon, the best case scenario for both bulls and bears is to drop the spy into a coiled spring or symetrical triangle that way if it breaks up or down it will be more meaningful.

 
SDS
39.150.07(+0.18%)May 24 4:00 PMEDT