In keeping with my new Double Long/Double Short ETF investment strategy, I picked up 200 shares of DDM at $74.60 and sold April $75 calls for $2.05 to rake in about $400 (2.75%) return with two weeks till April expiry. The market is so volatile that I don’t think it matters much whether you’re up or down right now which is why I’m both. I’m now Double Long on the Dow in my Mini Account and Double Short on the Dow in my Power Account; Call it the ultimate leveraged arbitrage.
Later tonight, the ETF-Cashinator will sing me some sweet melodies about opportunities.
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