That's how you play the game, beeyotch!
Hey dumb butt I'm up huge on UCO, but thanks for checking in Nervous Nancy!
It's already ramping. In Portland area gas has gone from 1.75 to 2.45 and expect it will be 4.50 this summer at the current pace.
Pig yellen will never raise.
Which equities you have? UCO will see 20 before 12 so even though it will be $2 in a couple years, I'm going to ride that pup.
Get you some UCO. I got 20K shares at 12.50, looking for 25-30 by Christmas and maybe as much as $200
We could see oil at $150 soon.
Looking good folks- remember we're looking at $75 oil and $5 gas soon so Yellen can finish exterminating the middle class. Those UCO Jan $25 calls are insanely cheap, you can buy for 85 cents right now and sell for $3. I will be selling the whole chunk at 3.
There is no doubt in my mind the hedge funds and Fed are going to ramp oil to 70-80 area at a minimum to try to bail out companies with bad investments in the sector.
That's why in addition to loading up UCO at 12.50, I bought those Jan $25 calls. Bought those for 65 cents, they're already 85 cents but headed for at least $3 so you can still make almost 4 times your money.
Oil at 48.16, UCO 12.83, SCO 82.48. Let's track them over time.
Good luck to you as well! Yes we did well on that DXM. What a scam! I don't think management ever believed their own lies.
Yeah normally UCO/SCO are garbage. Who knows, 12 months from now both could be lower. I'm just playing the no rate hike scenario now. But yes, if the action starts getting choppy instead of the one directional moves from recently, UCO will struggle.
You can have a 3 month period where price of oil is up 10% and because of compounding decay and contango UCO is down 10% and SCO is down 40%. But that's the game!
DNR could be a 5 bagger from here.
oil well over 48 already tonight. Once it takes out 50, then 60, who knows how high it goes. Add in no Fed rate hike and wow!
Don't forget to buy Jan 2017 $25 UCO calls. Got mine for 65 cents.
Will continue to monitor every dollar higher on oil. Yellen is going to break the middle class for good by not raising rates and sending oil to the moon.
Looking good UCO gets stronger and stronger.
The plan would be to sell the calls for 2.50, a 300% gain, then plow the profits (only the profits) from the options trade into more outright UCO shares. Folks just follow the money- they're going to take oil to the moon now.
got 20K shares at 12.50, as well as 200 Jan $25 calls for 65 cents apiece. UCO is simply a juggernaut.