It is 2X, but not on the same contract roll schedule as UNG
... which is why you will see differences ... and also why
you can have differences with the front month, which is what most
track vs what BOIL / UNG are on as they start rolling in ...
and this can even been more skewed based on how the future
curve looks like ...
BOIL "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."
https://www.proshares.com/our-etfs/leveraged-and-inverse/boil
Boil is moving basically lock
Posted by shellson2 on 14th of Aug 2024 at 10:46 am
Boil is moving basically lock step with NatGas (Sept). I though Boil is Ultra (2x)?
It is 2X, but not
Posted by mla127 on 14th of Aug 2024 at 11:32 am
It is 2X, but not on the same contract roll schedule as UNG ... which is why you will see differences ... and also why you can have differences with the front month, which is what most track vs what BOIL / UNG are on as they start rolling in ... and this can even been more skewed based on how the future curve looks like ...
BOIL "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." https://www.proshares.com/our-etfs/leveraged-and-inverse/boil
UNG (See pic) https://www.uscfinvestments.com/filings/commodities/ung
Thx for info mla. Now
Posted by shellson2 on 14th of Aug 2024 at 12:23 pm
Thx for info mla. Now Boil is less than natty..ughh
It's a derivatives product so
Posted by DigiNomad on 14th of Aug 2024 at 10:48 am
It's a derivatives product so you have to factor volatility into the pricing.