Sold all of my TNA that I had bought the last week in June. Was a small position that I booked a 28% gain on. I still have all of the UCO that I bought in May. UCO is 6% of my capital at cost basis ($32.99). During QE2 $WTIC gained 60%. So while the S&P gained 1% for every $20B of QE2, $WTIC gained 1% for every $10B of QE2. So if we get QE3 (I still don’t think we do), I’ll benefit plenty. And I’ll test drive some SPXL if we do get QE3. If not, I’ll gain on my short $RUT and long vol position.
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