WARNING: Read me before buying OOO, page-99

So is the consensus that for those of us bag holders who didn’t understand how this works we have already taken much of the hit... Can we correlate a SP reduction with the suggested roll over cost 39% net of Oil Price fluctuations?

My reading of this threat and related articles is that with no change in the OP we should lose about 39% rolling from a May to June contract and then a further 17% rolling to a July contract... so you would have to be pretty confident of a short term uplift in the OP to win in the short term (see CME group future contract prices).

Or is it possible that much of these roll over costs are already priced in...... or are we to expect legs down in the NAV as the contracts roll over later this month with corresponding falls in OOO price?