UDOW was half of a Dow long position from Friday, the other half were some $141 calls that were closed I believe Monday at a 27% gain.
UDOW is a 3x leveraged long ETF for the Dow-30.
The gain here was rather small, but I wanted to have something with less leverage in case we had a longer term move, this way I wouldn't have to worry about time decay, consolidations, etc. The Call position juiced the return.
No comments:
Post a Comment