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re: BOIL has become predictable
Posted on 5/17/16 at 9:41 am to white perch
Posted on 5/17/16 at 9:41 am to white perch
Nice bump
Is the UNG etf affected by contango?
Not the 3x leveraged one, the regular one.
Is the UNG etf affected by contango?
Not the 3x leveraged one, the regular one.
Posted on 5/17/16 at 3:59 pm to bayoubengals88
Would be subject to some extent to both contango and backwardation. Here is what they hold:
LINK
Without typing a novel, and based on the above holdings, they are obviously more stable with respect to tracking actual price as compared to one of the 2X or 3X instruments. The credit risk would be significantly less here as well. It's not a note. And the roll, and roll date are always mitigated as it holds the prompt month.
The next most stable in my opinion would be UNL becuase it would track a 12 mos rolling strip.
I've always maintained ETN's as opposed to ETF's are for traders, as are all the levered instruments. But I'm pretty conservative.
LINK
Without typing a novel, and based on the above holdings, they are obviously more stable with respect to tracking actual price as compared to one of the 2X or 3X instruments. The credit risk would be significantly less here as well. It's not a note. And the roll, and roll date are always mitigated as it holds the prompt month.
The next most stable in my opinion would be UNL becuase it would track a 12 mos rolling strip.
I've always maintained ETN's as opposed to ETF's are for traders, as are all the levered instruments. But I'm pretty conservative.
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