This all makes sense. The exception is when you say “If it comes to Tuesday, new price $25.14 will roll out”. I was under the impression that since OOO tracks the GSCI Crude Oil Excess Return Index, whose roll over schedule is the fifth to ninth business day of the month, it means OOO rolled over to the June contract (priced at $25.14) starting 7th April (5th business day in Apr) and finishing 14th April (9th business day in Apr). Therefore Tuesday is an irrelevant day no?
Note: the fifth to the ninth day schedule is from page 33 on https://www.betashares.com.au/files/collateral/pds/QAG-OOO-QCB-pds.pdf
WARNING: Read me before buying OOO, page-97
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