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Replies to post #222 on Proshares Ultra Financials (UYG)

Replies to #222 on Proshares Ultra Financials (UYG)
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IPO$

06/12/09 11:59 AM

#223 RE: bcl999 #222

nice to write them if you can get closer to 40 cents...2011 is a long time though
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IPO$

06/30/09 10:31 AM

#226 RE: bcl999 #222

that is a long was out of the money...seems like a good covered call write opp. if one can get closer to 40 cents...
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IPO$

06/30/09 10:32 AM

#227 RE: bcl999 #222

actually, at 15 cents, it is cheap insurance in case UYG goes past $11.00 PPS by Jan 2011 i.e. a year away...could be based on 52 week hign for the stock.