All tied to contract roll over ... the more levrage the worst it
is ... BOIL is in rollover, so mostly trading on the next month
contract while UNG is still trading the front month. Feb is
up way more than March ... If you intend on trading those, make
sure you understand how those products are constructed and operate
... this will save you TONS of money ;) ... these things
decay like mad...
The index rolls its contracts over the course of 5
consecutive business days, starting on the 6th business day of the
month. Each day, approximately 20% of each futures position that is
included in the month's roll is rolled.
Why hasn't BOIL doubled the
Posted by hubrick on 9th of Jan 2024 at 03:47 pm
Why hasn't BOIL doubled the return in UNG?
and speaking of UNG and
Posted by matt on 9th of Jan 2024 at 04:20 pm
and speaking of UNG and the KISS system, the trade is up 18.25%
https://breakpointtrades.com/sts_table/?search=ung
All tied to contract roll
Posted by mla127 on 9th of Jan 2024 at 04:05 pm
All tied to contract roll over ... the more levrage the worst it is ... BOIL is in rollover, so mostly trading on the next month contract while UNG is still trading the front month. Feb is up way more than March ... If you intend on trading those, make sure you understand how those products are constructed and operate ... this will save you TONS of money ;) ... these things decay like mad...
BOIL : https://www.proshares.com/our-etfs/leveraged-and-inverse/boil#:~:text=The%20index%20rolls%20its%20contracts,the%20month's%20roll%20is%20rolled.
The index rolls its contracts over the course of 5 consecutive business days, starting on the 6th business day of the month. Each day, approximately 20% of each futures position that is included in the month's roll is rolled.
UNG : https://www.uscfinvestments.com/filings/commodities/ung
rollover for UNG Start on Jan 16th and Complete on Jan 19th
proshares.com
BOIL | Ultra Bloomberg Natural Gas | ProShares
BOIL
Thank you. Good explanation.
Posted by hubrick on 10th of Jan 2024 at 06:32 am
Thank you. Good explanation.
Exactly - READ EVERY WORD
Posted by steve on 9th of Jan 2024 at 04:07 pm
Exactly - READ EVERY WORD OF THE PROSPECTUS - when done - READ IT AGAIN
Think another reverse split coming on UNG shortly
because all those natural gas
Posted by matt on 9th of Jan 2024 at 04:00 pm
because all those natural gas ETF's suck
sorry to put it bluntly but they do