OOO
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2.81% $19.36 betashares crude oil index etf-currency hedged (synthetic)

WARNING: Read me before buying OOO, page-137

  1. davidtsao15
    541 Posts.
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    20/04/20
    12:04
    Post #: 44139340
    OOO will have a high correlation with WTI Oil price if the contango/backwardation is negligible.

    Now the contango is extremely high. Compare 05 contract and 08 contract, it's almost 100% difference, which means if we see a 100% increase in oil price, OOO will luckily level off.
    OOO Price at posting: $19.36 Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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