Replies to post #4378 on ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[kamakiri]

??? I'm confused.What underlying ticker?FWIW, I don't sell/write often. I am usually long/buyer of options.

[kamakiri]

That wouldn't be very efficient. I assume that these prices are near the money. Selling that call caps your earnings and the strategy starts net debit anyway. If you expect volatility, then buying the calls and puts outright should pay better.