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UWM Stop and Re-entry

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UWM $17.72 - Russell 2000 Proshares Ultra ETF

We were stopped at $17 on this morning's dip but I am going to recommend re-entering this position now. I believe the -500 point market drop to the October 10th lows could be a climax bottom. The option is currently ask $2.95 and that risk is more than reasonable when weighed against the potential for an eventual market rebound by April.

Re-enter UWM $25 April Call Option ULX-DY currently $2.95

Jim Brown

Leaps Trader Intra-Week Blog Archives