Time to invest in Russian stocks?

Yes, you have all the rights to criticize me for even thinking about investing in Russian stocks but what if it’s a once-in-a-lifetime deal?  Yeah, fuck you.  It’s not like you ever bought pot stocks, cigarette stocks or even liquor stocks.  Or even casinos or any company that does crappy things.

So going back to the real question…is there money to be made when Russian stocks are getting dirty-cheap?  If you think the answer is yes, let’s take a look at $RUSL.

It was about $40 before the whole “getting close to invading Ukraine” happened and it’s down almost 75%.  It’s 2x fund so the volatility is extremely high but it also means it might be a good ETF to day trade.  And it’s holdings?  Mostly VanEck Russia EFT and swaps to give you the 2x return.

The beauty of this ETF?  It has monthly options.  It’s trading at $9.62 as I am writing this and March 18 $11 call gives you about $2.40.  Yes, about 25% in options premium.  That’s higher than $TSLA or any other stocks or funds.  Or go to March 18 $12.  It gives you $2.15.  That’s over 20% in premium AND $2.48 in gains if it gets exercised.  That will be almost 40% gain in 18 days.

Yup, I think it’s worth taking the risk. Probably not your whole portfolio but a small portion in my humble opinion.

But again, do your own DD before making this investment decision.