Replies to post #4450 on ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[drt4nrg]

Thanks, kam. I did roll some forward into next week. I had >7x gains, but I bought a single position back. I have not done very well with options in the past, so I would rather take the cash and start another small trade than move the full $ amt forward. I also tend to trade within the middle range relative to vwap/vwma, so when it gets to the +/-mpd levels, this is where I generally take my profits. I leave money on the table this way sometimes when a longer drop or rise takes place, but it seems to work ok and I don't have better indicators/criteria that I have found work consistentky to determine buys/sells other than general support/resistance and trendlines. Still learning but not enough time to put it all into practice and stay on top of things. Sigh...

Are you holding puts that have an expiry further out or keeping it short term for the addl leverage?

Thanks,
-Tim