[ConservativeMind]

Well, thank you, sir, but my sanity is in question. I did the trades in my IRA. 😁 I very rarely gamble in casinos or lotteries. I saw what looked like a very rational big upward possibility that I knew would need to be very short term for now, and tried it. My wife was aware and gave me the thumbs up. I expect to do it again, now that I better understand how they function. They do take a portion of your money to settle the trades they make and especially to buy options, so you can’t expect to get 3X on the upside, but you can be sure to get 3X and a little worse on the downside, due to that overhead cost. You have to really know the direction things are likely to go for these. With normal stocks, they always bounce back without lost monies.

[dp0622]

Your sanity is not in question at all.

You took a calculated risk with a small portion of your IRA.

It sounds like you know your business and I applaud making the move.

If volatility wasn’t built in to current options (at VERY high levels) i would be dabbling with them.

As it is, ETFs that move faster than the underlying market right now present a nice risk/reward ratio.

you sound like you know what’s up and I hope you make even more $$