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.
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