OOO betashares crude oil index etf-currency hedged (synthetic)
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Assuming OOO now holds JUNE contracts and in the next 4 days...

  1. ANTON707
    2,860 Posts.
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    30/04/20
    13:56
    Post #: 44353686
    https://hotcopper.com.au/data/attachments/2127/2127646-ac2f85cd79d2cbd385d1ff6400b638d7.jpg


    Assuming OOO now holds JUNE contracts and in the next 4 days start selling JUNE and BUY JUL-AUG and SEPT contract.

    Average price of the new contracts is 23.09 while June contract is 16.11.

    If I made the right the contango effect will be ~40%.

    Unless this already factored in as they got exposure to those JULAUG SEPT contracts on 23 April whne they released the announcement.
    OOO Price at posting: $19.36 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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