New Overnight Trade: Long SSO

Phantasmix December 2nd, 2008

(SSO: 27.86 -0.11%) - Ultra S&P500, long 200 @ $23.18

Other positions: short AAPL, short FSLR, long EEV.

That’s it for today!

Edited to add: target for SSO - SPX=880+


2 Responses to “New Overnight Trade: Long SSO”

  1. # Leonard The Monkeyon 05 Dec 2008 at 9:04 am

    Good ETF article

    http://adamsoptions.blogspot.com/2008/09/ultra-lords.html

    So many people still don’t get this after I try to explain it to them.

  2. # Phantasmixon 05 Dec 2008 at 11:03 am

    That’s pretty good, in simplified terms with examples.

    What don’t they get?? Trading vehicle, period.

    Joke of the last 3 months:
    “Guys, which Ultra ETF would you buy to hold for 2 years?”

    Long-term investments they are not.

    F&#$ing crazy unemployment number, I’m in shock.

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