Post by
Mat1791 on Apr 23, 2020 9:49am
**Scorecard**
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%
Comment by
Mat1791 on Apr 23, 2020 9:50am
Sorry forgot TIME 9:45am April 23
Comment by
Mat1791 on Apr 23, 2020 10:16am
10:15am April 23 JUNE OIL - +23.95% JULY OIL - +9.33% HOU - +6.79%
Comment by
Mat1791 on Apr 23, 2020 10:28am
Forget 2X, Forget 1X, Try -.28X
Comment by
Mat1791 on Apr 23, 2020 11:02am
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" ??
Comment by
Mat1791 on Apr 23, 2020 11:31am
11:30am April 23 OIL - +31.71% JULY - +11.7% HOU - 3.7% NAV = 0.57 PREMIUM = 0.99
Comment by
Mat1791 on Apr 23, 2020 12:07pm
12:05PM April 23 OIL - +29.10% JULY - +10.78% HOU - -11.11% NAV = $0.565 PREMIUM = $0.875 SPREAD IS CLOSING!!
Comment by
Mat1791 on Apr 23, 2020 1:27pm
1:30pm April 23 OIL - +23.22% JULY - +6.72% HOU - -21% NAV - $0.544 PREMIUM - $0.736 OIL COMING OFF HIGHS OF THE DAY, PREMIUM CLOSING GAP EVEN MORE...
Comment by
Mat1791 on Apr 23, 2020 2:00pm
2:00pm April 23 OIL - +19.45% JULY - +4.98% HOU - -22.22% NAV - $0.535 PREMIUM - $0.745 PRICE JULY NEEDS TO BE FOR NAV = PREMIUM = $52.18
Comment by
Mat1791 on Apr 23, 2020 4:03pm
4:00 APRIL 23 OIL - +23.66% JULY - +6.91% HOU - -19.14% NAV - $0.53 (@ 2:30) PREMIUM - $0.78 As expected, HOU moved on trading bias not underlying assets, Oil moved up, HOU moved down and the Premium got tighter!
Comment by
Mat1791 on Apr 23, 2020 1:44pm
$49.94 is where July would need to be for HOU NAV to be at premium
Comment by
RazorInvestor01 on Apr 23, 2020 1:49pm
Just curious as to how you get that number July WTI - $20.71 - Apr 22 close x74% = $36.04 HOU NAV $0.51 - Ap 22 close x 148% = $1.26 (Current price)
Comment by
Mat1791 on Apr 23, 2020 1:52pm
Your close, but HOU is only 1X now not 2X
Comment by
RazorInvestor01 on Apr 23, 2020 2:02pm
Thank you! I'm glad I got out - a big piece of news to miss! Also pretty annoying, they effectly let everyone take the downward loss at 2x, but half the upward gain once things re-balance.
Comment by
Mat1791 on Apr 23, 2020 2:04pm
Very annoying indeed. But in the end it saved the etf and for those that were in, a god send. For those like me who lost and were hoping to re-enter, suck-a-doodles...
Comment by
goldsucks on Apr 23, 2020 2:09pm
So HOU is set to consolidate 20:1 on April 28, if it resets to proper NAV before than and than consolidates , I assume if oil settles it's crazy swings it would be safe to get in again.....and hopefully recover some losses.....
Comment by
Mat1791 on Apr 23, 2020 2:10pm
That, and if they go back to 2X and open up subscriptions again...
Comment by
Mat1791 on Apr 23, 2020 2:12pm
Actually, I'd still go in at 1X but subscriptions are a MUST, otherwise trading bias trumps NAV performance...
Comment by
Mat1791 on Apr 23, 2020 2:21pm
Can't play it. HOD/HOU hold Julys...
Comment by
goldsucks on Apr 23, 2020 2:28pm
1:20 quite a consolidation......must be expecting big drop after it's all done. Reading some of yesterdays news not sure if I would want to risk my $$$$ putting into this. Might be better to try make up losses somewhere else........
Comment by
Canucks7717 on Apr 23, 2020 2:35pm
I agree, I am trying to make up the losses playing HOU & HNU
Comment by
RazorInvestor01 on Apr 23, 2020 2:09pm
Great perspective, and yes it saved the ETF - I, like you, am one of those who lost and am hoping to re-enter when NAV gets closer to the SP. I see this as the purest play to invest in the commodity, and feel like it has decent medium term potential, especially if things start up again sooner rather than later.