RE:RE:RE:RE:RE:RE:RE:**Scorecard**Based on the low @ $1.26 today, WTI July would need to be $36.04 or up 74% in one day to justify the price.
Looking at a few day projection WTI July would need to grow by 7.7% every day for 5 days (ending at ~$33) for things to be fully rebalanced at today's low. Having said that I believe there should always be a premium for offering smaller investors the opportunity to play WTI - not at 100% NAV, but $0.15 - $0.25 isn't unreasonable when the NAV is $4+. I think it's exacerbated based on the low value of the NAV which is why it is holding above $1.
Also, Matt, thank you for your analysis, solid stuff.
Mat1791 wrote: Mat1791 wrote: Mat1791 wrote: Mat1791 wrote: Mat1791 wrote: Mat1791 wrote: Mat1791 wrote: Lets keep a scorecard thread going. Please use quote instead of reply so as others update we can see the history and use it to evaluate.
JUNE OIL - +22.86%
JULY OIL - +9.04%
HOU - +4.94%
Sorry forgot TIME 9:45am April 23
10:15am April 23
JUNE OIL - +23.95%
JULY OIL - +9.33%
HOU - +6.79%
Forget 2X, Forget 1X, Try -.28X
11:00am April 23
OIL - +28.8%
JULY - +11.65%
HOU - -1.23%
NOT 2X, NOT 1X BUT -110%X
SORRY FOR THOSE WHO STILL BELIEVED, I DIDN'T WANT TO BE RIGHT....
WHERE'S THE POSTER THAT SAID "WAIT TILL NOON" ??
11:30am April 23
OIL - +31.71%
JULY - +11.7%
HOU - 3.7%
NAV = 0.57
PREMIUM = 0.99
12:05PM April 23
OIL - +29.10%
JULY - +10.78%
HOU - -11.11%
NAV = $0.565
PREMIUM = $0.875
SPREAD IS CLOSING!!