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January Positions

HAVING TROUBLE PRINTING?
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You only need to buy back the December Proshare Ultra Long Oil & Gas (DIG) Puts if you are lacking margin. Otherwise, just let them expire tonight. I like selling the JAN 21 Puts (DIC MU) with a target of $0.90 per contract. OF course it would be nice to have sold them yesterday, but selling into weakness is a risky game on a double leveraged ETF. The technical risk management is a break below the 12/5 low of 21.77. There is still that gap at 25.5 that needs to be filled. So don't be surprised if DIG dips to there. I am working on a summary of the January positions so you know what we've got and where they stand.

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