BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Here is My Math For Today's Close..

[Mat1791]

Some have asked,

HOU closed yesterday at 3.13, the June 2020 futures at that time was 21.34.

Once you know those 2 numbers you can calculate the proper price at any time during the next trading day.

At the close of today the June futures finished at 13.11.

So, 21.34 - 13.11 = 8.23, 8.23/21.34 = .385 (June's losses from 4 yesterday to 4 today)

@2X = .77 HOU's losses over that same period.

Therefore HOU closing price is 3.13 (1-.77) = .72

[mdjbrown]

Thank you very much for your explanation Matt  -  Greatly appreciated for those of us trying to figure these massive swings out  Dumb question based on all the confussion associated with the chaotitic price fluctuations of HOU compared to the oil price today, but if June 2020 futures climb back to $21.34, does HOU climb with it to $3.13?

[TheeRook]

This is the NAV not what people will pay for it. TORONTO, April 21, 2020 TORONTO, April 21, 2020 /CNW/ - Following its announcement earlier this morning, due to ongoing extreme market volatility in crude oil markets, Horizons ETFs Management (Canada) Inc. (the "Manager") announces that the indicative net asset value per share of the BetaPro Crude Oil 2x Daily Bull

[gashole]

I have a weathy friend who I was talking to about this and he said he will buy 1 million shares if it goes to 37 cents, he was laughing... saying its NOT going to 37 cents.. 

[Mat1791]

I know a dentist but I wouldn't let him work on my heart!  Wealthy and having an understanding of this product is not co-related...

[gashole]

Your right, but hes worth a lot more than me so I listen and he makes good investment decisions usually... But who knows !! I dont know anything about this thing and wish I never saw it.. I really do have 50,000 shares.. but I just dont like losing money.. I have 16x as much $$ in canadian banks and I am sleeping fine on those... This thing is going to keep me up tonight.. 

[basketball4444]

Matt,    In your PERSONAL opinion, does this open tomorrow relatively close to the CLOSE of today $2.32?

[basketball4444]

Close being +10% to -10%

[Mat1791]

Sorry, I doubt it.  Your mistaken by the wrong closing numbers, by my calculation today's close was around .71

[basketball4444]

Thanks....it's a good think I'm up $6k....it will minimize pain of holding 4.5k

[GunnerG]

From the halt to closing oil went up and the price would be recalculated. I believe it was talked about as .71.  It will be interesting to see if your wealthy friend and you are correct.

[Mat1791]

If June 2020 climb from close today at 13.11 to 21.34 tomorrow (as an example), That would be 62.8% increase, for HOU 2X = 125.60% If HOU is at .71 then HOU would close at $1.60. It's always tough to make back once lost.  HOU needs to make 341% to get back to 3.13 That means oil needs to make 170.5% or based on the June contract $35.40!

[AngelaF]

This post has been removed in accordance with Community Policy

[gashole]

I follow oil a lot and in my opinion oil will go up as soon as there is a sign of this virus levelling off... But think about it, in the USA they have 800k cases and want to open the economy back up, that would be a disaster, cases will skyrocket.. they have well over 300 million people in the US, in Canada it will also rocket as soon as the enconomy opens up again.. Oil is going to fill up

[Mat1791]

Not sure where oil will evetually end up, my plan was always to target 35-40 oil when I first started to invest in HOU.   The quicker the economy returns, the quicker demand begins to return then I at least can say that oil will go up and not be at $13...

[stocksnbonds]

Thans Matt.... so for the board, the key will be the june future's value before market open tomorrow. The market will be open all night starting at 6:00 PM EST. The only value that counts is the June Future's contract before 9:30 a.m. EST.  The price of HOU will almost certainly be lower than it is now although all dependent on June futures and the percentage increase/loss times two.

[Mat1791]

Perfect!!

[mingzhu]

i think you are wrong. 38.5% not 38.5 cents 38.5%x2=77% SP would be down 77%. It did not because. it did not reflect assets. HOU is worth 0.37 cents now "TORONTO, April 21, 2020 /CNW/ - Following its announcement earlier this morning, due to ongoing extreme market volatility in crude oil markets, Horizons ETFs Management (Canada) Inc. (the "Manager") announces that the

[mingzhu]

Of course oil price went up a few dollars since 2.30 pm. It will not be 0.37

[theman0]

EXACTLY!!!!!!

[Mat1791]

Nope, those are percentages .385 = 38.5% & .77 = 77%

[Mat1791]

. Sorry hit enter .37 at 2:30 my calculation is for close at 4:00