04-03-2020, 08:59 AM
(04-02-2020, 06:22 PM)fenders53 Wrote:(04-02-2020, 04:59 PM)Otter Wrote:(04-02-2020, 04:27 PM)NilesMike Wrote: OILU an ETF also did a major screw job on owners. A 10-1 dilution and then ended the fund. WTH?
Those 3x leveraged ETFs are like playing with fire.
Closed out my USO LEAPs today for a 44.7% gain. Rolled the proceeds into more 01/21/22 UUP 27 Puts
Also bought some UDN in an account that doesn't have options access.
I had to go check it out but why was I not surprised UDN was going to be some sort of a shorting vehicle?
Good job on the USO trade. I'm not making any wagers on oil prices. It's good that you know people.
UUP = Dollar go up
UDN = Dollar go down
I should have hung in there on that USO trade. I figured when the Saudi and Russian oil ministers said that they had no idea what Trump was tweeting about, that crude would give up a bit of its 25% gains. Apparently not. I'm thinking of investing in lithium futures, because this market is bipolar.