You will see in the first chart highlighted below, DUG is the Ultra Long Oil ETF.
Ultra ETF'S have a 2:1 ratio of the underlying index or sector (issued by proshares.com).
The second chart shows DUG, the ultra short. By going long DUG you will save yourself about 300% instead of shorting (or buying puts) on DIG at 110ish.
Sounds confusing but the DIG-DUG trade looks prime for profits.
1 comment:
I enjoyed your analysis on DIG and DUG but was wondering if you could clarify the "saving 300 percent" comment.
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