Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Cantcuckthison Apr 22, 2020 7:09pm
230 Views
Post# 30942153

RE:How to break even if possible? Can anyone explain?

RE:How to break even if possible? Can anyone explain?

Cant happen, net assets around around .55, maybe even .6 i believe were on july futures now, so oil goes to 30, then 45, you double twice, so thats 2.4, and that's EXTREMELY unlikely(under 2%). But for the essentialy impossible (under .1%) move to $67.5 in 3 days, youd be at $4.8. 


As traders sell this closer to its net asset price, I gota say, if you are still holding this when its trading at over double its actual worth, you are insane.

Bullboard Posts