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ProShares Ultra Bloomberg Crude Oil (UCO)

NYSE
Currency in USD
Disclaimer
34.13
+0.41(+1.20%)
Real-time Data

UCO Comments

Another day of failing to 2x the index fund...Yay UCO
 everyone said 'wait until Thursday, the index will change'
 lol explains this bullish sentiment before the start of the depression.. airlines are cooked, no tourism, no resorts, no shops, no employment, and nothing. market is skyrocketing!! everyone put your money in the market and see who will be the true winner of the last minute cash grabs lol exciting times!!! :))
 Idk... its kinda matching it right now. Sep contract is at 1.9% gain this is at 3.8%. Looks 2x to me?
This really is a terrible bet. It tracks with nothing, but the short, and shorter profile as the pro shares guys “don’t control bid and ask”...garbage the price was 12.70 when oil was 12.00 and now oil 24 dollars... this garbage reflects a 20% move up on a double in two weeks. Criminal, no matter what contract that want to claim they are in... Shut down the fund for false advertising.
Nope... Went long US Steel as a protest.
The Bloomberg WTI Crude Oil Subindex, a subindex of the Bloomberg Commodity Index, is intended to reflect the performance of crude oil as measured by the price of futures contracts of West Texas Intermediate sweet, light crude oil. The performance of the crude oil futures market is normally very different than the performance of the physical crude oil market. It is a "rolling index," which means that it does not take physical possession of any commodities. The roll occurs over a period of five business days in certain months according to a pre-determined schedule, generally beginning on the sixth business day of the month and ending on the tenth business day. Each day, approximately 20% of each rolling futures position that is included in the month's roll is rolled, increasing from 0% to 20%, 40%, 60%, 80% and finally 100%. The Bloomberg WTI Crude Oil Subindex will reflect the performance of its underlying crude oil futures contracts, including the impact of rolling, without regard to
income earned on cash positions.
ok...lets think about itBloomberg WTI +10% UCO +9%Bloomberg WTI -6% UCO -10%
Well this *****
Bought this at $65 (~$2.6 before split) 😑 Its been a nice ride up this week but what price would Sept-Dec futures need to be at for this to get back to $65?
Right there with you buddy!  Just going to hold and wait.
I feel sorry for you we at 16 now
I feel sorry for you we at 16 now
so hold this until oil back to $60?
If there's increasing demand for oil - Yes
Ii actually brought my avarage down ..i have been buying all last week. That was only way to stay afloat
same. bought yesterday to drop avg from $34 to $15.
Buy
That's all you say. Can you add justification?
If you are stuck in a long position where are you stuck at? I'm at $33.8 currently. Share yours!
Bought at $65 (~2.6 before split) 😑
After the reverse split, I was at $34 and showing a 50% loss. Re-bought yesterday and knock my avg price down to $15. So today is an ok day. lol
after the reverse split, I was at $34, and a 50% loss. Re-bought yesterday and dropped my avg price to $15, so things are looking not so grim.
$18 today would be lovely
If you count after hours, it is currently at $18.75.
d
Its going up! 🤑
I hope it keeps going up for a while
if this doesn't LEAP soon... it's a disaster
 we'll see by next week
Buy Buy Buy
I would be happy if it closes above 17 today. Steady rise.
what is the opposite of UCO? to bet oil down?
I would be careful on SCO too since it switched to September contract
 thank you:)
what does it mean that UCO switched to the September contract, will that affect the contract now the 20th?
Exposure to the September 2020 WTI crude oil futures contract in advance of the benchmark’s May 7th transition period could have a significant impact  on the ability of each Oil Fund to achieve its investment objective since this contract currently is not included in the Funds’ benchmark. As a result, until  the May 7th benchmark roll announced by Bloomberg is completed, the performance of each Oil Fund should not be expected to correspond to two  times (2x), or two times the inverse (-2x), as applicable, of the daily performance of its benchmark, and each Fund’s performance could differ  significantly from its stated investment objective.
In other words, this is why this ETF isn't performing as intended. Until may 7th it doesnt guarantee its 2x leverage.
saw that but still don't get the math here -> must have something to do fee structures -> betting on the index roll now
don't short this people...we need to get it back to realistic levels for everyone
this needs to be completely avoided even if the barrel hit 150$ again this will be below 20$ we should stop fueling this scam
I don't understand how this index-chasing etf became active fund.Whoever managing this fund should feel shame as a fund manager; since he panic-sold the June contract at the lowest price. My 8yo nephew can do better than this.
Yea... the people managing this fund are the real decay lol....
I hope these guys got huge complaints as to how this fund has been managed... like you said how it became active and changed objectives without any consideration...
really confused as to why this only went up by 8.6%?  Bloomberg WTI Crude Oil (BCOMCL) is up 12.3% and Sep contract is up by 7.1%????
https://www.proshares.com/media/documents/PSTII_8K_04272020.pdf?param=1587995724298
be grateful that it went up
something went wrong with UCO.
I guess we will see when the market opens but futures are dissapointing once again. sep oil futures up 6.33 percent, UCO and its (2×) up 6.14 percent. even with 1/3 rolled over to Dec should be approx up 11.26 percent.
not sure if this helps but i saw someone on another site post the nav dropped by .77$.  seems to make sense that maybe this is the reason its only at 5-6% up
thanks...still pretty sad though
who know i could be wrong saw another post saying that last night it jumpped back up so it may be higher now :)
they again rollovered. can this reach 16.5? i really cant understand why they rollovered 1/3 to december
let me esplain... Lighter volume in the more distant contracts allows bull-rush manipulation of order traffic to inflate or deflate the irrelevant markets, with little risk as settlement is so far out... however, they can hammer the issue when the they sell, so... buy the December now, so you can hammer it when you start using it for benchmark later. Ruthless games of timing are working against any investor in any oil stock. Volatility has given cover to great theft
hi, could you please explain what you mean in the beginning?
more updates -> UCO just switched 1/3 of future holdings from September to December per regulation -> more risk mitigation I suppose
 but I thought the Sept. contracts started Thurs?
 that's the index roll, separate from UCO's underlying holds -> both impact UCO price though
why they did rollover ****
I just lost pretty big on UTI. hoping to make up some of my losses on this if oil goes back up over the next year. I know your not supposed to hold this, But it seems to be my best gamble.
UWT. Did not know it was dissolving. No news about it on TD A.T. or the web.
 sorry to hear that. make sure to keep track of this one. dont just go long and forget about it. There definitely money to be made here. wish you the best.
to me this thing is a quarterly vehicle -> it ain't got much to do with how high the oil price is, but rather how drastic the daily price change is -> 200 is a dream, 30 is the safe play here
buy buy buy up up up
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