RE: RE: Essence of the problem: HOU is now anchoreAlright so I bought into HOU last week at an average price of $3.61, that means at the time, the oil price to which it is anchored is probably in the 50s in terms of Feb price which was what HOU is trading based on, correct?
Damn! I screwed myself over by thinking that by having bought HOU at an average price of $3.61, I was effectively buying crude oil at mid $40s.