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BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Alternate Symbol(s):  HROZF | HZOZF

HOU¿s investment objective is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times (200%) the daily performance of the Horizons Crude Oil Rolling Futures Index. HOU is denominated in Canadian dollars.


TSX:HOU - Post by User

Comment by fleamarketon Apr 22, 2020 1:15am
176 Views
Post# 30937519

RE:Current price for June futures 12:19AM

RE:Current price for June futures 12:19AM
stocksnbonds wrote: $11.22-- not good. 

closing price of WTI oil was $13.11

$13.11-$11.22= $1.89

1.89/13.11 = .144
.144 x 2 = .288 or 28.8% decline from the .72 level. 

Assuming this futures price stays the same, .72*.288 = .207 decline from the .72 NAV level
or .72- .207 = $.51 opening. 

Hey, it's not zero but still hurting. I think the major debate here is if this will actually open at the NAV tomorrow or will supply/demand change that equation? 

We're all hoping the $2+ level holds but honestly, looks like this will capitualte to under $1 in the morning provided there is no huge increase in the June Futures price. 

good luck all tomorrow morning,

sb


I just like the Feller who said anyone who sells tomorrow is an idiot. Do you think the see you or anyone else wants to lose their job and their business over this at the moment they're going to do certain things that are going to make it all right with all of us I hope. If not they're just going to survive it
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