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

Ann: Temporary Change to Futures Exposure, page-2

  1. SandBagger
    655 Posts.
    lightbulb Created with Sketch. 9
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    23/04/20
    10:03
    Post #: 44205527
    Sounds positive, but are they selling part of their June contracts @ US$14 to buy September contracts @ US$26? Looks like a massive loss.

    A bad habit of futures traders is to reconstruct their loss, so it looks better, but isn't
    Last edited by SandBagger: 23/04/20
    OOO Price at posting: $19.36 Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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