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Toofuzzy

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Toofuzzy

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Wednesday, 12/20/2017 10:07:36 AM

Wednesday, December 20, 2017 10:07:36 AM

Post# of 47105
I was Aiming UPRO a 3x leveraged large cap fund and had sold way out of the money ( at the time) January 19, 2018 $80 calls. The price moved up so much I decided to let them be called. They were just called today.While I made money I gave up a lot of potential income.

I will not SELL covered calls on leveraged funds anymore. They move so much they are like owning CALLS already. I may still buy calls as a way of creating a position.

I used the funds to increase my position in AMZA which I haven't started Aiming heat as I am still accumulating shares.

Toofuzzy

Take the road less traveled. It will make all the difference.

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