I had an SDS put option assigned to me, which was immediately sold by the broker. This doesn’t really surprise me as the expiration is next week. This option was a position that I opened back in May, and it resulted in about a thousand dollar loss, for now. Last month I took a similar position as this investment fell taking advantage of a lower price.
Recently, I have been considering increasing my position in SDS, either outright or purchasing call options. Granted, with a poor economic environment ahead of us, I still believe the market is overvalued. So, SDS is still a sensible play, but I may hedge my position relative to US Dollars (perhaps using Australian Dollars or gold).
