Comments on: New Up/Down Oil ETFs Open for Business http://www.etftrends.com/2008/07/new-updown-oil.html Keeping a grip on exchange traded funds (ETFs) Sat, 21 Nov 2009 23:28:06 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Tom Lydon http://www.etftrends.com/2008/07/new-updown-oil.html/comment-page-1/#comment-3687 Tom Lydon Tue, 24 Mar 2009 12:31:27 +0000 http://etftrends.com.s14057.gridserver.com/2008/07/new-updown-oil-etfs-open-for-business.html#comment-3687 Hi Perry,<br><br>As of March 23, USO holds positions in crude futures, as well as cash positions.<br><br>Current holdings can be viewed on their site:<br><a href="http://www.unitedstatesoilfund.com/uso_holdings.asp" rel="nofollow">http://www.unitedstatesoilfund.com/uso_holdings...</a> Hi Perry,

As of March 23, USO holds positions in crude futures, as well as cash positions.

Current holdings can be viewed on their site:
http://www.unitedstatesoilfund.com/uso_holdings...

]]> By: Tom Lydon http://www.etftrends.com/2008/07/new-updown-oil.html/comment-page-1/#comment-4377 Tom Lydon Tue, 24 Mar 2009 12:31:27 +0000 http://etftrends.com.s14057.gridserver.com/2008/07/new-updown-oil-etfs-open-for-business.html#comment-4377 Hi Perry,<br><br>As of March 23, USO holds positions in crude futures, as well as cash positions.<br><br>Current holdings can be viewed on their site:<br><a href="http://www.unitedstatesoilfund.com/uso_holdings.asp" rel="nofollow">http://www.unitedstatesoilfund.com/uso_holdings...</a> Hi Perry,

As of March 23, USO holds positions in crude futures, as well as cash positions.

Current holdings can be viewed on their site:
http://www.unitedstatesoilfund.com/uso_holdings...

]]> By: Tom Lydon http://www.etftrends.com/2008/07/new-updown-oil.html/comment-page-1/#comment-4378 Tom Lydon Tue, 24 Mar 2009 12:31:27 +0000 http://etftrends.com.s14057.gridserver.com/2008/07/new-updown-oil-etfs-open-for-business.html#comment-4378 Hi Perry,<br><br>As of March 23, USO holds positions in crude futures, as well as cash positions.<br><br>Current holdings can be viewed on their site:<br><a href="http://www.unitedstatesoilfund.com/uso_holdings.asp" rel="nofollow">http://www.unitedstatesoilfund.com/uso_holdings...</a> Hi Perry,

As of March 23, USO holds positions in crude futures, as well as cash positions.

Current holdings can be viewed on their site:
http://www.unitedstatesoilfund.com/uso_holdings...

]]> By: Perry http://www.etftrends.com/2008/07/new-updown-oil.html/comment-page-1/#comment-3686 Perry Tue, 24 Mar 2009 05:27:07 +0000 http://etftrends.com.s14057.gridserver.com/2008/07/new-updown-oil-etfs-open-for-business.html#comment-3686 Buyers beware of US Oil Fund(USO). They currently have no oil positions. They are 95% cash and 4.5% mortage. Not such a great way to invest in oil. Buyers beware of US Oil Fund(USO). They currently have no oil positions. They are 95% cash and 4.5% mortage. Not such a great way to invest in oil.

]]> By: GarrettNN http://www.etftrends.com/2008/07/new-updown-oil.html/comment-page-1/#comment-937 GarrettNN Tue, 01 Jul 2008 18:59:54 +0000 http://etftrends.com.s14057.gridserver.com/2008/07/new-updown-oil-etfs-open-for-business.html#comment-937 Oil goes up $1-->> DOY transfers a quarter of its NAV to UOY -->> UOY goes up DOY goes down Oil goes down $1 -->> UOY transfers a quarter to DOY -->>DOY goes up UOY goes down Simple as that. You are not betting oil going below a specific level but if you buy DOY you are basically getting oil performance inversed plus yield from treasuries they are holding. I haven't read their new prospectuses yet but I believe the tracking range of oil would be $15-$185. Anywhere outside that range a "termination trigger" will be hit because one trust will be in danger of running out assets. Oil goes up $1–>> DOY transfers a quarter of its NAV to UOY –>> UOY goes up DOY goes down
Oil goes down $1 –>> UOY transfers a quarter to DOY –>>DOY goes up UOY goes down

Simple as that. You are not betting oil going below a specific level but if you buy DOY you are basically getting oil performance inversed plus yield from treasuries they are holding. I haven’t read their new prospectuses yet but I believe the tracking range of oil would be $15-$185. Anywhere outside that range a “termination trigger” will be hit because one trust will be in danger of running out assets.

]]> By: Shaunyboy http://www.etftrends.com/2008/07/new-updown-oil.html/comment-page-1/#comment-936 Shaunyboy Tue, 01 Jul 2008 18:12:21 +0000 http://etftrends.com.s14057.gridserver.com/2008/07/new-updown-oil-etfs-open-for-business.html#comment-936 So if one is to buy shares of either UOY or DOY, what exactly is one betting on? is one betting on oil going below $100 if they buy DOY or vice versa for UOY when oil reaches $185 (the termination point) by the end of that particular quarter? So if one is to buy shares of either UOY or DOY, what exactly is one betting on? is one betting on oil going below $100 if they buy DOY or vice versa for UOY when oil reaches $185 (the termination point) by the end of that particular quarter?

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