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

WARNING: Read me before buying OOO, page-156

  1. AC130
    1 Posts.
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    20/04/20
    13:28
    Post #: 44141692
    Not sure if this is correct but this my understanding.

    I have a beer fund to buy slabs each month.
    This month it cost $25 to buy a slab (contract) but next month it's going to cost me $35 to buy a slab. So it's costing the beer fund $10 more to buy the next months slabs (the next contract) (contango effect) making a loss to the beer fund.

    Cheers
    OOO Price at posting: $19.36 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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