BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Tomorrow Morning

[Mat1791]

I will do the calculations tomorrow morning, about 15 minutes before market open, 9:15,  so everyone has an idea of what HOU might start the day at...

Stay Well...

[Elviswong1]

Matt I have a question, according to you, could it be that HOU is no longer listed tomorrow morning?

[Mat1791]

Not at the moment.  The fund still has the funds for their June 2020 contracts.  What will happen, however if the June stays positive and low, when HOU rolls to the JULY it won't have as much to buy new contracts + the errosion due to the July's being more expensive will also hurt. In my mind, the etf would be in trouble if the price of June's gets lower then expenses of the

[Elviswong1]

Thanks Mat iappreciate

[Unicorn9000]

it will be consolidated 30 to 1 tomorrow

[northboy78]

Fack. Sure hope not.

[NoviceInvestor8]

Matt, im truly sorry to bother you.  You seem like a kind, professional, reputable person on this forum.  I'm a novice investor and I'm desperately seeking any info that can help me know what to do.  I have 7500 shares of HOU.TO.  Do you feel the stock will open for trade tomorrow?   Is the stock in your opinion done?   Does it have chance to grow back to any

[theman0]

If there is no change in the market sentiment I can actually see this fund going to ZERO and closing. It does not look good, at least at the current moment. The storage numbers are just a side show and frankly they have been mostly BS for the last decade.

[katelynragogna]

Yes thanks Matt for your expertise in the forum, I am in the same boat of questions as this person. I am going to hang on to this stock. Many oil stocks are sitting at pennies when they use to be fouble digits so hopefully HOU can recover and those future prices go up a little...... Trying to think possitive and not let panic make me do bad trade decisions.

[northboy78]

I should have done everyone a favour and sold my shares today. Usually when ever i sell shares of whatever i hold, they tend to move up. Lol I, like you katelyn, are used to playing gold stocks. Kind of got out of that game when all the exploration in my area started going bust. I would drive west of my city when working and there would be rigs all over the place drilling. Made some money on

[Mat1791]

Novice, I'm sorry for your losses. These products really are for advance traders.  First, no one has any idea, including me, where oil will go in the short term.  My gut still says down for the June 2020 contract, maybe better for the July, should short term glut and storage issues improve. I feel strongly that over the mid to long term oil will improve, but when that translates to

[NoviceInvestor8]

Thank you for the reply.  So does this stock re-open tomorrow with altered numbers or does it stay halted?  Or is it potentially closed for good?

[Mat1791]

Not sure if it will still be halted, no news yet, I am assuming it will open... I also assume it will open at the proper valuation based on where the futures are at 9:30

[gashole]

Thank you.