USO

[Ernie Mills]

#21532

My limit order hit last night @3.50.

[Marilynn Mittan]

#21545

USO @ 3.02 in pre-trade. Could it go even lower?

[Ernie Mills]

#21546

yes. it can go lower in the short term, but we’re confident it will go higher. I’m excited to pick up more shares at a lower price. We’ll see a NICE profit out of this one!

[Sean Hyman]

#21575

I think some firm likely blew up yesterday and had to unwind some contracts. Supposedly, USO traded out of those contracts April 6-13th according to CNBC. But I can’t confirm that.

This article seems to imply that they were out of the May contract and into June and July contracts. https://www.etf.com/sections/features-and-news/biggest-oil-etf-shakes-structure?nopaging=1

But, rolling forward to those, because of the big gap between contract prices right now, probably did cause USO to lose some value.

[Scott Pearcy]

#21621

3rd tranche filled @ $3.23

[James Box]

#21636

bought 3rd at $2.97 still going lower.

[Anonymous]

#21638

3rd tranche filled at $3.00 and it looks like a steep slide…

[Chas2008]

#21732

I had a limit order in for 3.6 and it executed at 3.20. Good surprise.

[Sean Hyman]

#21733

Yeah, the drops were so steep, that it’s always possible for that to happen in times like that. Yes, a nice surprise for sure.

[Aphroditus]

#21743

I’ve read about managers averting a fund collapse can you just help explain the structure of the fund? I’m all for buying AMERICAN oil. If POTUS helps us out with tariffs it could really cause oil to spike but how does the ETF work?

[Sean Hyman]

#21753

Scroll back in a couple of the USO threads. Not only did I contact USO owners/managers directly and copy/paste what they said today but also provided links from their site that answers all of that as well.

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