Replies to post #1858 on ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[GuTA]

Nice. I went with the leveraged UCO for the hedge slightly otm against USO.

We dump I'll not think twice about the UCO. We see oil bounce toward 55 (i don't see it) and those 3/3 UCO calls will offset any damage to the 3/17 USO puts.

Genuine cheap protection.., still think we see 4x handle WTI in the first half of march