[Closing Position in the ProShares UltraShort S&P 500]
Dear Member:
With the holiday and weekend coming up and a lot of profit in the ProShares UltraShort S&P 500 (SDS), I am going to take profit and close the position. I may well reopen a bearish play next week, but for now, I want to go to cash with this position.
I am placing an order to sell my shares of SDS at a limit of $58.25 though it looks like I should get filled closer to $58.40. My entry was at $56.71.
DISCLOSURE: At the time of publication I own shares of SDS.
Sincerely,
Bill Kraft
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