BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

RE:June Futures

[fleamarket]

Canucks7717 wrote:

Hi all,

I am a little newer to the oil/etf game and trying to learn a little more (I know this is probably a crazy time to try learn). But I have been watching this and it seems like hou/hod moves in direct correlation 2x to these futures, https://www.cmegroup.com/apps/cmegroup/widgets/productLibs/esignal-charts.html?code=CL&monthYear=M0&year=2020&venue=1&title=JUN_2020_Crude_Oil_&type=p&exchangeCode=XNYM&dataWidget=true

 Now with that being said, the ETF manager says the NAV should be $0.37 as of 2:30pm today but according to this chart hou should be up approx 25% tm (if this holds, as im typing the june futures are up about 12%-13%). I am looking to see if someone can clarify how the NAV directly impacts the price per "share" of this ETF? Does it? Or is it better just to go directly off this chart (x2)

Secondly, I know this question was previously asked but if anyone can also clarify how HOD was up 90-110% today while HOU closed down only 25%? I thought these 2 were directly 100% inversely correlated (move in exact opposites of eachother). Would this potentially mean that hou has a much lower drop coming to reflect the huge increase in HOD today? (this wouldnt make sense to me due to what I mentioned above about watching that futures chart)

Sorry for the newbie questions and I hope someone can help a newer investor out!
 

Thanks and GLTA!!

since you'd mentioned that you're that extreme when you I would highly recommend that you stay out of this volatile market and is way too crazy and invest in actual oil companies shell Exxon petrol you name them you're better off going to make some more cash during that or long gold options someone else mentioned which is how I made $1,200 into 36000 over the last 6 weeks I had a friend who mentioned I should get into oil Monday came and look where we are now. If you do not understand ETS this type of ETF especially I would highly recommend you just keep your eye on it and invest in calmer times and you can still make really good money in return. That's my opinion but for whoever reads this and whoever is warey do yourself a favour and yes sit on the sidelines coach will call you in when it's time you'll see it. talk text don't play my grammar or anything like that just tread lightly and be safe out there. I'm not trying to recommend anyone to do any which way that they feel fit just do your own way I might be one of the people that get caught tomorrow morning.