Replies to post #4858 on ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[zsvq1p]

You will if you flip daily... It takes a few days to settle the trade thus the brokers will loan you funds during this period. You must have a margin account to be able to flip.

[luckydude777]

Okay - FINALLY got some cash deposited in my Ameritrade account to be able to buy some 'earl with. Picked up shares Friday near the close at $1.82 a share WITHOUT having to use margin. AWESOME!