Wednesday, April 24, 2013

UDOW P/L

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.

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