Red

TraderJohn, Congrates on your day. Thanks for sharing. A good plan lessens the risk and sure is sweet when it all line up and works.

Monica, why don't you just close out the etfs and put like 5-6% of the capital in May Puts? That way, comes hell or highwater, 95% of your capital is still safe, and you are risking only around 5% and still be shorting the market to the tune of around 300%? You will have until the third Friday of May for Doomsday Pee 3 X3 whatever. IF that doesn't come, you are down 5%. No big deal, inlight of the beating you have been getting over etfs. If doomsday doesnt come by then, your etfs would probably have eaten up more than 5% anyhow…

What do you think? If you use spread, you can cut the capital commitment down to 2-3%.

You can have mine then!

I just bought some May Puts. I luv pain…..

Let's see what happens SC. Are you out of your positions now or still holding?

Wow, it seems I missed some entertaining dialogue here today but Jason just won't die! Maybe you guys need a girl to take him out!

Thanks. One of these should be a winner 🙂

Fly,

You called it. Carl now says the upside looks better (support at 1174-1175), but he's still not trading.

You could:

a) short DTO (the inverse used to be DXO, but that is gone)
b) long UCO (2x oil, SCO is -2x oil)
c) play ERX (3x energy, inverse is ERY)

Dreadwin,

You make a powerful argument.

Perhaps I should postpone my DTO adventure until it doesn't appear to be an obvious catastrophe 🙂

Is there an inverse to DTO?