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ProShares Ultra S&P500 Message Board

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  • crusn16 crusn16 Oct 18, 2008 11:44 PM Flag

    My strategy for SSO and others

    im also thinking of buying the USO or UNG and selling call monthly and locking in the price I pay for oil athte pump for the rest of my life lol.

    Buy $4000 worth of USO ($4000 is how much the average American spend on gasoline a year)

    Then is im donw on USO, i'll be saving money at the gas pump (up) and if gasoline goes up, i'll be making money on USO while losing at the gas pump + i'll be selling CALLS (and eventually getting to zero cost!)

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