ERY to $18 in 8 Days
I'm interested in learning about the uses of ERY as a hedge. What does ERY most effectively hedge against? Is it oil? Is it oil equities? Energy in general? Thanks.
ERY is a 3x short of The Russell Energy Index, which is comprised of oil companies and other energy related securities.
I agree. And it will be over $30 by October.
Do you think ERY will pullback to 11-12 range for an entry point?