gmg733
788 posts
msg #132616
- Ignore gmg733 |
11/18/2016 2:37:56 PM
Credit Suisse has decided to delist two of the more popular 3x levered oil ETNs, DWTI and UWTI, with a view to better aligning its product suite with its broader strategic growth plans.
Last time this happened, it hurt.
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graftonian
1,089 posts
msg #132619
- Ignore graftonian |
11/18/2016 2:59:18 PM
Thanks for the heads up.
The ugly site of one of my more humiliating ass-kickings.
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gmg733
788 posts
msg #132621
- Ignore gmg733 |
11/18/2016 4:13:31 PM
I got caught up in a new issue once and a nice flushing happened. Took months to make up for losses.
Credit Suisse sucks. Probably looking to create a new product to liberate people from their money.
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johnpaulca
12,036 posts
msg #132624
- Ignore johnpaulca |
11/18/2016 5:27:16 PM
Must be the contango with these ETN, down about 50% this year.
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pthomas215
1,251 posts
msg #132633
- Ignore pthomas215 |
11/19/2016 10:41:28 AM
are you guys switching to USO? What is the next most highly correlated ETF to crude?
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VenturaTrader
44 posts
msg #132791
- Ignore VenturaTrader |
11/25/2016 5:41:21 PM
I switched to UCO for long and SCO for short; they are leveraged at 2 x WTI crude. These do not have the volume that DWTI and UWTI have, but they appear to be reasonable alternatives. UCO has a tight spread. The same day the announcement came out that DWTI and UWTI were being delisted I got out; did not want to be left holding the bag.
Mike
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pthomas215
1,251 posts
msg #132800
- Ignore pthomas215 |
11/25/2016 10:29:04 PM
Thank you Mike.
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