Friday, April 19, 2013

DOW Position

I decided to split the Dow/DIA long and went with DIA May 18th (Monthly) which is all that is available in the DIA (there's only about 145 stocks that offer weekly options) with a strike of $141-just in the money by a few points and the rest of what would have been put toward that position I oped a UDOW 3x long ETF. I figured I might take Call profits early on momentum, but the ETF I can hold longer and still have leverage and less risk.

No comments: