“Unprecedented spikes in price along with a record 'super-contango' have left the Velocity Shares Daily 3x Inverse Crude exchange-traded notes, or DWTIF, worthless, according to Credit Suisse.”
”At its peak on March 18th, DWTIF was up a stunning 978% year-to-date...”
DWTIF closing price = $0
This short “option” went pear shaped.
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