GREY:BTTPF - Post by User
Post by
Mulva44on Feb 08, 2018 12:40pm
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Post# 27527507
Rebalance at 4:15 Pm wiped it out.....
Rebalance at 4:15 Pm wiped it out.....These inverse etf's all got wiped out because of the way they rebalance. At 4:15 they get whatever the closing price is on the future, and they all took it up the you know what on that print. Futures traders likley knew they were in trouble, the closing print iwas $10 above where it was at 4:00 PM. It's similiar to an MOC order I suppose.
Live and learn, and btw, don't gamble and try to get your money back.