Actually the underlying holdings (June WTI Futures) jumped from $11.40 to $14.15. 24%.
In saying that the share price didn't exactly meet the NAV on close yesterday.
I thinks its a great idea OOO has changed from 1 month forward to 3 months forward.
It may not increase chance of a share price gain but it will reduce rollover costs as the gap expands leading to futures expiry.
WARNING: Read me before buying OOO, page-463
-
- There are more pages in this discussion • 123 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)