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ProShares UltraShort Oil & Gas Message Board

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  • yourdeadmeat69 yourdeadmeat69 Oct 25, 2008 1:40 AM Flag

    Have a feeling markets will rally on Monday

    You can play the pops and drops on DUG long and short, or, you can buy as low as the day will allow, sell a covered call $15 above your purchase price, and swing trade.

    Calls at each dollar up the trail to 100 are within pennies of each other, and you can sell a 69 or a 70 or a 61 for about 10%--each carrying large premium because DUG is sol volitile.

    In 8 months, you can reduce your cost basis to near zero.

50.75-1.78(-3.39%)May 25 4:00 PMEDT