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American Capital Agency Corp. Message Board

warlord_shea 2 posts  |  Last Activity: Dec 21, 2015 10:14 AM Member since: Mar 7, 2008
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  • Reply to

    Only a few more dollars on the downside for USO

    by dbrdrendo Dec 21, 2015 8:51 AM
    warlord_shea warlord_shea Dec 21, 2015 10:14 AM Flag

    We use oil to make aspirin. There is no other way to make aspirin. It is also in many other medications, therefore I doubt it is going anywhere.

    I wouldn't count on this to go long, though. Contango seems to have finally caught up with it, and calling a bottom seems to be almost impossible.

  • Reply to

    Not tracking well at all

    by jcofone May 21, 2015 10:36 PM
    warlord_shea warlord_shea Jun 8, 2015 2:23 PM Flag

    It doesn't track spot vix. According to the prospectus, it tracks spot vix PLUS OR MINUS a premium or discount. You can calculate this premium (discount) on their NAV page daily.

    Because VIX was pretty low at launch, a lot more investors were betting VXUP, meaning VXDN got a steep discount. That number was nearly 25% discount for ONE MONTH! You'd have to be right by a lot to win with this vehicle.

18.50+0.07(+0.38%)2:21 PMEDT