SSO: ProShares Ultra S&P500

[OptionsPlease]

The investment seeks daily investment results, before fees and expenses, which correspond to twice the daily performance of the S&P 500 index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be twice the return of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is nondiversified.


If the S&P bounces get in this right away....

[OptionsPlease]

11/21/2008 Buy To Open 5 .SOJLT SSO DEC 20 Call $3.200 $14.95 ($1,614.95)

[OptionsPlease]

11/21/2008 Buy To Open 5 .SOJLT SSO DEC 20 Call $3.200 $14.95 ($1,614.95)


I'm going to cash out at 100%........+1.50 (+42.86%) :top:

[OptionsPlease]

:congrats:2,000 gain on this bailed out today at 7.00 ask bought at 3.20...

[wtf_albino]

:congrats:2,000 gain on this bailed out today at 7.00 ask bought at 3.20...

nice catch.:biggrin: