Replies to post #1844 on Big Board Day Traders

[cta751]

I agree, it's got plenty of benefits once you start looking deeper into it. As you said, one bank can get hit with something negative and as long as it's not across the board on financial plays, the rest can possibly pull you through unharmed.

I will most likely be looking at options on UYG tomorrow

UYG closed at 29.78 which gave it a 11.70% gain, not bad at all but the April 30.00 calls closed at 3.30 which put them up 57.14% over yesterday's close.

To put that in perspective, I would have made 117.00 for every $1000 I had used to buy the stock

Had I owned the calls I would have made 114.00 for every $200.00 I had put in april 30.00 calls.

Almost like playing penny stocks except the action is based on a well established play.