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[USER=72130]@aus_trader[/USER] Unfortunately the retail (dumb) money will buy USO with all they've got. The hedge funds will short it and take the money from the retail buyers every month while the price contango exists. My US broker stopped allowing shorts on USO a while ago. I'll be interested to see if they'll allow it now the price is much higher.

That 50min podcast is a must watch. Thanks [USER=69309]@InsvestoBoy[/USER] for the link.

[USER=66457]@Dona Ferentes[/USER] Cutz is an options trader so I knew he'd know what itm means immediately.

Read the latest OOO announcements. Betashares has rolled to the Sept contract (three months out). Within days the administrator (S&P) of the underlying index has now moved one month out. They're all scared of negative values when the June contract expires (two weeks time). They're rolling the problem down the road hoping it'll be OK in the future.

I expect Trump to encourage every US citizen to fill up their cars with gas and go for a drive every week-end to MAGA.

<blockquote data-quote="peter2" data-source="post: 1070284" data-attributes="member: 13908">[USER=72130]@aus_trader[/USER]&nbsp; Unfortunately the retail (dumb) money will buy USO with all they&#039;ve got. The hedge funds will short it and take the money from the retail buyers every month while the price contango exists. My US broker stopped allowing shorts on USO a while ago. I&#039;ll be interested to see if they&#039;ll allow it now the price is much higher.That 50min podcast is a must watch. Thanks [USER=69309]@InsvestoBoy[/USER]&nbsp; for the link.[USER=66457]@Dona Ferentes[/USER]&nbsp; Cutz is an options trader so I knew he&#039;d know what itm means immediately. Read the latest OOO announcements. Betashares has rolled to the Sept contract (three months out). Within days the administrator (S&amp;P) of the underlying index has now moved one month out. They&#039;re all scared of negative values when the June contract expires (two weeks time). They&#039;re rolling the problem down the road hoping it&#039;ll be OK in the future. I expect Trump to encourage every US citizen to fill up their cars with gas and go for a drive every week-end to MAGA.</blockquote>

[QUOTE="peter2, post: 1070284, member: 13908"] [USER=72130]@aus_trader[/USER] Unfortunately the retail (dumb) money will buy USO with all they've got. The hedge funds will short it and take the money from the retail buyers every month while the price contango exists. My US broker stopped allowing shorts on USO a while ago. I'll be interested to see if they'll allow it now the price is much higher. That 50min podcast is a must watch. Thanks [USER=69309]@InsvestoBoy[/USER] for the link. [USER=66457]@Dona Ferentes[/USER] Cutz is an options trader so I knew he'd know what itm means immediately. Read the latest OOO announcements. Betashares has rolled to the Sept contract (three months out). Within days the administrator (S&P) of the underlying index has now moved one month out. They're all scared of negative values when the June contract expires (two weeks time). They're rolling the problem down the road hoping it'll be OK in the future. I expect Trump to encourage every US citizen to fill up their cars with gas and go for a drive every week-end to MAGA. [/QUOTE]

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