PROSHARES TR (AMEX:DDM)

Iluvitar (53.27) Submitted: 9/13/2009 5:43:39 PM : Start Price: $32.26 DDM Score: -59.20

I recently ran into this article on an Ultra oil ETF strategy:

http://www.howtowriteoptions.com/ultra-covered-call-strategy-fails

By shorting each side of the Long/Short ETFs I will eventually come up on the positive end. Not sure how effective this will be in real life but long term on CAPs combo-ing these ETF is a sure winner.

I think all of these Ultras are going to crash hard. I have received several warnings from my broker on the risk of these funds and some of my friend’s brokers will not even execute transactions on these.