RE:RE:HOD ETF May has expired. June is up 20pct. Where do people come from. Blindly commenting on most non relevant material. But yes hod could go to $0 as well if oil jumps 50pct or close. The whole reason of this are financial instruments. OIL.U owned 25pct of may contracts. I'm sure people were happy to sell contracts to them knowing they need buyers to close positions. This has nothing to do with people who actually want to buy and sell real oil. Hedges and speculators but the pros made money knowing what is behind or who is behind the buy and ask. Buy huc if u don't want to get wiped out in one day but this still has inherant risk. Scary to think this will be sub 50cents especially those with significant exposure