RE:RE:RE:RE:RE:RE:RE:RE:Two Stories To Be Told...itharami wrote: Chris_toronto wrote: itharami wrote: Do you mean, you think Mat is shorting HOU?
Yes. I also hold puts on HOU as I think its price should correct significantly down. I'm partially hedged by being long HUC (Dec oil contract trading at NAV)
I can't say for sure Mat is not shorting HOU, I can say that I lost money on HOU when they changed its functionality and I didn't understand what was happening until Mat explained.
As for HUC, you think this will go up? I am not sure what HUC tracks? Horizon's website says Winter Term Crude Oil December. Is this a december contract for WTI? Could you please explain how this ETF works?
Yes Itharami, it currently tracks Dec2020 but will roll to Dec 2021 in June.
My plans are to hold HUC till HOU gets fixed.
Hopefully before June.
If it's not fixed by then I will have to reevaluate whether or not HUC is worth holding past the rollover.