I got wind that Proshares was going to do a 10 to 1 reverse split on UYG so I wasn’t looking forward to going from 200 shares to 20 which would leave me covered call less so I sold 200 UYG for $7.25 and took a $140 loss. It’s no big deal and I’m glad to be out of that leveraged ETF so what’s done is done.
ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.
© ETFCoveredCalls.com