you deserve a credit for staying long in this trade since last two to three weeks and many traders were talking down about OIL but those we knew this was coming stayed in the trade and should get some reward.
Is UCO locked long into the May contract as of friday market close? So we will get a percentage of the move from fridays close to the May contract when it open's tomorrow? Which is what? .25 of every dollar from friday? So we could potentially see UCO open up 2 dollars tomorrow? It's still a bit confusing.