讨论一下USO

九天

Simpletrader 发表于 2015-3-23 10:43 AM
Typical monthly contract rollover

You are right,
I can find Your  ~$2/桶 as I compare the Price of
Crude Oil Futures Quotes Globex
Free Market data is delayed by at least 10 minutes.

http://www.cmegroup.com/trading/ ... ht-sweet-crude.html


TKS.

MLat42

根本不存在15% 贵一说。USO 的价格close to its NAV。

USO 和UWTI，CL 涨幅不一致可能是他们的CLOSING TIME 不一样。另外，上周USO 已经反映5月的CL，而你看到的CL 价格可能还是4 月的。二者不一样。

商品类交易是最复杂的。因为在低位有contango，而且是期货实物交易，普通投机者处于很不利的地位。正因为如此，它比股票趋势还强烈，操盘者更有恃无恐。

九天

MLat42 发表于 2015-3-23 04:33 PM
根本不存在15% 贵一说。USO 的价格close to its NAV。

USO 和UWTI，CL 涨幅不一致可能是他们的CLOSING T ...

可是你看看我的比较图，本来三家炒油基金是同步涨跌的， 目前USO却比高盛的炒油基金贵了差不多15%。

不怕不识货，就怕货比货。
或者有什么奥妙。

小散也可以炒石油期货，我的卷商提供NYMEX CL Future， 以及Brent， WTI CL 的MAY， Jun期货，
我只用NYMEX。可惜长线每天1手必须缴5美元的Swap， 所以需要找个炒油长线工具。

九天

期权方面，刚才 JUN15，2015的
Call 48.50 为347欧元。
Put  48.50 为355欧元。
也很贵。

MLat42

九天 发表于 2015-3-24 03:06 AM
可是你看看我的比较图，本来三家炒油基金是同步涨跌的， 目前USO却比高盛的炒油基金贵了差不多15%。

不 ...

These ETF/ETN hold different future contracts, that why they have different performance.



DBO holding:

The PowerShares DB Oil Fund tracks an index of crude oil futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango.


USO holding
The United States Oil Fund holds near-month NYMEX futures contracts on WTI crude oil.


OIL holding
The iPath S&P GSCI Crude Oil Total Return ETN tracks an index of a single, front-month WTI crude oil futures contract.

九天

MLat42 发表于 2015-3-24 07:11 AM
These ETF/ETN hold different future contracts, that why they have different performance.

Thanks for your Information.

Which is best for us if Price of WTI Crude Oil is up?

Why USO and OIL run together at first but now differently?

MLat42

九天 发表于 2015-3-24 08:13 AM
Thanks for your Information.

Which is best for us if Price of WTI Crude Oil is up?

At this moment, USO and OIL should have same performance because they have same CL May single contract. Briefly, USO has two contracts.

However, somehow OIL trades now at premium ~2% relative to its NAV probably due to low volume.
http://etfs.morningstar.com/quote?t=OIL


another reason of different perfomance between USO and OIL is that OIL has slightly leveraged (106%) holding.

MLat42

九天 发表于 2015-3-24 08:13 AM
Thanks for your Information.

Which is best for us if Price of WTI Crude Oil is up?

If you are sure CL future will rise, USO and OIL are better than DBO because USO and OIL are front month contract, having higher percentage increase.

九天

MLat42 发表于 2015-3-24 09:40 AM
If you are sure CL future will rise, USO and OIL are better than DBO because USO and OIL are front ...

老大对石油ETF研究挺深入，学习了，多谢。

恒一

jamesmith 发表于 2015-3-23 08:30 AM
if you want to bet long term oil price rebound, get oil related companies shares will be much bett ...

Oil related companies do not go up these days after last Wednesday.

jamesmith

恒一 发表于 2015-3-24 08:15 PM
Oil related companies do not go up these days after last Wednesday.

I don't do short term trading, what happened last Wednesday?
I said for long term holding, if oil price goes up, oil related companies will go up and possibly have more upside than oil.