Normal
BBOZ is more of a medium term trading tool with holding periods sort of 2-3 months max . Given rates are up so much these days the holding cost is eating away at returns as well , on top of Exdivs , Its an instrument i will max hold for 5 weeks outside if i actually hold in a full blown collapse . Like yourself i was lucky enough to have BBOZ exposure into Feb '20 and i rode it all the way to lows . Anyway BBOZ into first 3 weeks of Sept has some positive expectancy attached
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