Just 10 days ago, I recommended that you place a triple-leveraged bet on the Dow Jones Industrial Average bouncing off its 200-day moving average. Well, the timing of that trade worked like clockwork, and ProShares UltraPro Dow30 (UDOW) is up 7.16%.
With your related DIA October 2014 $166 call options (DIA141018C00166000) now up 56.43%, sell half of your options here to lock in these solid, double-digit percentage gains.
Your position in the ProShares Ultra Real Estate (URE) is now up 10.08%, as well. Your related VNQ September 2014 $75 call options (VNQ140920C00075000) are up 83.08%
As this position is technically overbought, and the options are set to expire in a month, I recommend you sell your remaining VNQ options to lock in an 83.08% gain.
Hold on to URE itself for now, as I believe this position has more to run.
Due to Russian President Vladimir Putin’s shenanigans and the ongoing Ukraine situation, many Western investors are fleeing Russia. However, contrarian investors view this as an excellent opportunity to enter the Russian market on the cheap.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: