I’m on a mission to prove that leveraged ETF’s might be the only ETF you need to own. In particular, the Dow 30 leveraged ETF is one that I’ve decided to try to exclusively trade in my mini-account. I picked up 200 shares of DDM at $77 and sold the May $78 strikes for $1.90. This will be 2.5% return in less than 25 days and if DDM pops over $78 that will bring my return up to 3.7% and as always if DDM is down, I’ll move on to June, July or later calls.
ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.