JEDI
Lifer
- Sep 25, 2001
- 30,160
- 3,300
- 126
Last of the daily leveraged oil (no gas) will bite the dust next week. (sco/uco 2x)
it will now rebalance 1/3 of portfolio monthly, 1/3 every June contract, and 1/3 every Dec contract. (it will still keep the sco/uco symbols)
earlier this year, tripled leveraged oil closed down voluntarily with advanced warning.
apparently, people didnt read and lots of people got mad on the day it shut down because oil went up big that day.
(the day it shut down, it wasnt affected by oil price because the shut down price was already announced.)
2x leveraged oil short, DTO, closed down involuntarily and no warning recently.
those who bought it lost everything!
that includes those who bought the day before.
oil went up 50% during it's rebalance period thus 2x short meant it went down 100%! BOOM...automatic shutdown!
it will now rebalance 1/3 of portfolio monthly, 1/3 every June contract, and 1/3 every Dec contract. (it will still keep the sco/uco symbols)
earlier this year, tripled leveraged oil closed down voluntarily with advanced warning.
apparently, people didnt read and lots of people got mad on the day it shut down because oil went up big that day.
(the day it shut down, it wasnt affected by oil price because the shut down price was already announced.)
2x leveraged oil short, DTO, closed down involuntarily and no warning recently.
those who bought it lost everything!
that includes those who bought the day before.
oil went up 50% during it's rebalance period thus 2x short meant it went down 100%! BOOM...automatic shutdown!
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