quote:

Originally posted by DigiNut So simms, did you cut and run on the FAZ puts now that it got dinged below $5, or are you still holding on? Looks like you had impeccable timing, could have brought home about 40-50% in under two weeks. Although maybe you're holding out for more.

No, unfortunatly I paid $1.00 for the FAZ puts... so I am still losing money. I didn't think enough about them when I bought them - so I am holding on.

Recently I haven't had much time to pay attention, work has been hectic, I haven't been able to watch the markets.

Also, I can't make up my mind which way this market is going to move.... every day I have different opinions....

quote:

Originally posted by simms327 Also, I can't make up my mind which way this market is going to move.... every day I have different opinions....

You're telling me. Although I like this volatility because it makes it possible to day-trade the options themselves. On really wobbly days like today, it's pretty easy to rake in at least 10%.

Well, here's hoping for that bull market! I can't imagine FAZ staying above $4.50 for a whole 3 weeks, even if the financials are starting to run out of steam.

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I am thinking that natural gas can pretty much only go up from here, and try to make some money on the 2xlong etf, HNU.

Anybody have any thoughts on this?

it might go down tomorrow just because its friday. people like to cash out then

Look at the daily volume on that ETF its like half the amount of outstanding shares. Super liquid.

Gas has generally been down so it would be risky to go for it. Eventually gas will go up though.. everyone needs gas.