The Speculative Stocks....

[fenders53]

(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.