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ProShares Ultra VIX Short-Term Futures Message Board

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  • xtradersdotnet xtradersdotnet Aug 3, 2012 9:18 PM Flag

    writing covered calls to bring cost basis down is this good?

    thank you ralph for your insite and time you took for your post

    i just want to b/e and get the heck out.

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    • You are quite welcome.

      As I mentioned, you are in a better position than I was (I wrote covered calls when Spot VIX was about 19 and the drop in spot VIX dropped this ETF like a rock).

      With spot VIX as low as it is now, there should be a time within the next month in a half that Spot VIX increases to at least 18. When it does, this ETF would be back in the low 7's and give you an opportunity to get out (and maybe make a small profit).

      Just get ready to pull the trigger.

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