USO already finished rolling their May position last week. I was referring to the June contract. They will be getting margin calls if it falls to $6.40 but there is no way who ever they clears their trades will wait until that price to start liquidating.
USO liquidation?
- Thread starter FSU
- Start date
USO already finished rolling their May position last week. I was referring to the June contract. They will be getting margin calls if it falls to $6.40 but there is no way who ever they clears their trades will wait until that price to start liquidating.
Means a lot more pain ahead for people who think they're buying oil at the bottom.
Eh... not really. I am a small barnacle. I can hold all year and it wont matter... even if my measly 600 shares are liquidated. I wasn't planning on selling anytime soon anyway and relatively low risk.
I more so feel bad for gussian : https://www.elitetrader.com/et/threads/uso-pricing-question.341772/
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You'll lose money because of the contango.
Contago/liquidation*
what does this mean .... anyone?
https://seekingalpha.com/news/3562537-u-s-oil-fund-approaching-zero-all-remaining-shares-issued
https://seekingalpha.com/news/3562537-u-s-oil-fund-approaching-zero-all-remaining-shares-issued
Ive done poorly overall trying to trade oil stocks & ETFs this past month. I made a tiny win APA but lost hundreds trading UWT DWT UCO USO etc.
There is likely a trade in oil somewhere but I have sucked trying so I'll hold off for now.
Pot & casino stocks have been better for me MGM PENN TLRY CGC there's a joke in there somewhere lol
There is likely a trade in oil somewhere but I have sucked trying so I'll hold off for now.
Pot & casino stocks have been better for me MGM PENN TLRY CGC there's a joke in there somewhere lol
It won't be possible to do the futures/ETF arb in one direction. The ETF will probably trade at a premium.
I recommend these articles
https://ftalphaville.ft.com/2020/04/21/1587478056000/Can-the-USO-fund-collapse--/
https://ftalphaville.ft.com/2020/04/21/1587427987000/The-United-States-Oil-Fund-mystery--revived/
GAT
oil move a point in a blink of an eye. use stops!