I finally caved in and bought 100 shares of UYG at $10.08 and sold the October $10.00 strike for $1.05. This will represent a 10% return if I don’t get called or a 9.5% return if I do get assigned in just under 5 days! We’ll see what happens on Friday!
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Sweet!! I have a feeling UYG is gonna go up since the government is also starting its own hedge fund
I bought 100 shares of OIH on Friday @$ 80.50. Its $108 today. I just love rallies :))
Good call on UYG. I wish I had some extra cash laying around to DCA my position down a little bit. Unfortunately, I am probably going to be a little light of cash through Thanksgiving until all of my expense checks come in from all this travel.
Who knows? By Thanksgiving, UYG could be a REAL bargain!