Replies to post #1955 on ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[kamakiri]

Last month,there were already a +14.23 and +9.94 from API and similar order of magnitude from EIA. Could be less than +/- 1.0MM bbl difference tomorrow. Playing with only calls on top of a long position is just doubling-down. Kind of an all-in 'anti-hedge'

Ultimately, I think knowing what range of trading is possible vs. likely vs. what you 'want' are often not the same...would help.

Also JMO, but using stops could have kept you out of the red since you aren't hedged. There were three good legs up since Friday, and I think you only caught the first? Lots of opportunity either/both ways. Also remember that we're already in rollover, so you're starting to 'own' May contracts at ~$0.50 more.

Best of luck tomorrow.