Some Numbers To Think About...N/A = $30,666,517
O/S = 68,403,690
NAV= $0.4483
All at the close of yesterday the 27th
Today, current
July2020 = 17.83 down 1.4%
Sep2020 = 23.77 down 0.3%
Current NAV = $0.442
Rollover from July to September 2:30 today (in a half hour)
33.3% decay, so, after rollover (not 100% sure, but based on the last roll over)
N/A = $30,666,517
O/S = 91,182,118 (decay factor)
New NAV = $0.336
Current Price HOU = $1.11
Projected Premium after rollover = $0.774
Something, at some point, will have to give...
I don't think it will be Sep2020 futures hitting $78.68??