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ProShares Ultra Bloomberg Crude Oil (UCO)

NYSE
Currency in USD
Disclaimer
34.29
+0.10(+0.29%)
Closed
After Hours
34.25-0.04(-0.12%)

UCO Comments

There is something really wrong with this picture
Not sure why sep contract is falling in price lol
Is there any fund left which tracks june/ july price?
SEP
they keep change which month they want
thats true 🤦‍♂️🤦‍♂️
ok not following June and Sept I am out
what is lame is that July is up considerably while September only mildly. If they had kept the position in July, UCO would be 30% higher right now. So basically they rode all the losses down in May/July, and rolled out of it into September, so that gains are not proportionate at all. Very, very, infuriating.
can you please explain what exactly is going to happen on may 7th?
means May 7th UCO potentially will drop again?
Sorry, I was thinking about EOG
these kind of funds, should be outlawed eventually they only go down I believe that only real stocks that "walk and talk" like the real thing are viable, something like goe or a like
these kind of funds, should be outlawed eventually they only go down I believe that only real stocks that "walk and talk" like the real thing are viable, something like goe or a like
given the reverse split should this go up like crazy??
Crash mid may enjoy everyone
Why ? It should be stable till sept!!
Why ? It should be stable till sept!!
sept crud jump after 6pm let see if UCO follow tomorrow
It's amazing that this kind of fund is still exists. woooooo... Funds that cannot make money...
They screwed it up moving from current month contracts to contracts 3 months out. Was to protect from fund going negative. But would also *******investor profits if oil goes up....
they moved too fast... already fund took a big hit so maybe... they knew it will rebound but switched off...
buy buy buy
I think this is the only Oil ETF/Stock that hasn't made money
I think this changed to a .2x WTI ETF
I bought this for about 13, a few days ago, when oil was at 12.20 WTI... today, all indexes and benchmarks are higher, for all months involved, and I am below breakeven at 16 dollar WTI... there really is no possible logical reason that this group should not be sued for false advertising. The 8k does not allow them to abandon their obligations to fund holders.
Problem is that people have NO *****to prepare a lawsuit on ProShares
my best theory is that the fund has endured a lot of shorting, and that the sellers here, USO and the sept contract have coiled a spring that they hope to launch on the Saudis.
To believe that you would have to believe in communication among the traders for the biggest players in the world... but they never talk to the big fund managers because that would be wrong.
Please, Oil Overlords... Make the Saudi Government stop peacocking like it's 1975...they are done being the clean hands, rich dudes... make them get dirty with the rest of us.
keep it for the night or what?
yea, im stuck in a long position currently... so...yea.
I have heard of highway robbery, but i have never actually been on the scene
you mean been the victim?
 this is sickening...
So trading here is just random? buyer beware
basically.
where can I find sep oil price?
https://finance.yahoo.com/quote/CLU20.NYM/
https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html
thanks a lot
So to make it clear for everyone. Currently UCO/SCO this ETF follows the following. I believe its 75% September and 25% index, correct me if I'm wrong on percentages. CRUDE WTI SEPTEMBER CONTRACT https://www.investing.com/commodities/crude-oil-contracts?page=chart&symbol=CLU20 BLOOMBERG OIL INDEX (MULTIPLE CONTRACTS) https://www.investing.com/indices/bloomberg-wti-crude-oil
@Raul - is there any forum you follow for WTI?
 Just the main Crude WTI commodity on this website.
- Thanx
it should be up 11.25% . not 6.98% .. unless we are looking at a 1x stock instead of 2x
You are incorrect. It's 2x crude oil WTI contract, which is around 3.4% last I checked.
September contract.
Out from UCO
OK imma do this one more time for dummies who ask why UCO does not move with June contract. Three things: 1. UCO has exposures to both September contract and Bloomberg Crude Oil SubIndex -> so two components here (contract and index) 2. UCO switched to all September contract as of yesterday 3. UCO also tracks the Bloomberg Index, which currently is still tracking May contract (ended on 4/22 but price is fixed, just an equation thing) and July contract -> Bloomberg Index will switch to track September contract beginning at 5/7 according to their recent filing so the crazy June movement now doesn't impact UCO that much -> if you check September contract price, it is up about 3.2% fund management did some risk mitigation there XD -> so if all these play out right and if you are willing to endure the short term pain -> then by June, you will probably see a major price spike (I'm not gonna say how much, but I think $30 is definitely reasonable)
 Mobill Oil companies like Exxon and Ovintiv
 thank you there is any other X2 or X3
Well said. This was explained very well.
is there a etf that follow oil wti
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