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| Etf Name | Etf Symbol | Market | Stock Type |
|---|---|---|---|
| Wt Wti Crude 2x | LOIL | London | Exchange Traded Fund |
| Price Change | Price Change % | Etf Price | Last Trade
|
|
|---|---|---|---|---|
| -0.3525 | -3.29% | 10.3775 | 16:35:23 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.50 | 10.435 | 10.63 | 10.3775 | 10.73 |
| Top Posts |
|---|
Posted at 27/4/2020 23:48 by nametrade wow LOIL had hell of a ride in 2008... |
Posted at 27/4/2020 23:02 by thewealthofsocrates LBRT, SBRT, LOIL, SOIL are debt securities backed by swaps (payment obligations protected by collateralized bonds, the largest being Japanese treasuries). The NAV price rises or falls are designed to emulate Brent or WTI, so there is a lag between the prices, but fees & leverage are put into the bid-ask spread. |
Posted at 27/4/2020 16:55 by fidra I think you need to look at what the content of the instrument is.it may not be just daily oil but futures as well.I don’t myself know but looking at this loil was an eye opener . |
Posted at 27/4/2020 12:02 by thewealthofsocrates Sorry, I was talking about LBRT.I did trade LOIL the other day, but I'm out of that trade. I've been rotating between the different tickers, WTI & Brent, both long and short. |
Posted at 27/4/2020 11:58 by livewireplus Indeed - but from what I can see the appears unavailable to buy on HL as well - have you tried a dummy purchase with LOIL this afternoon? |
Posted at 27/4/2020 07:40 by bigglesbingham Loil tracks futures two months ahead not current futurists price. From 5th to 10th of month it rolls to future ahead. Currently tracking July. There is a good spread sheet on the Bloomberg subindex explaining it's all. |
Posted at 22/4/2020 15:52 by marceau Laptop, np, but please see my earlier summary of the situation on this thread. This provider already shuttered one of its ETCs last night (and that was on the short side!), and risk is sky high. This is one of those times where every man and his dog has heard about lifetime lows in oil and everyone has thought 'how do I buy this?'. Retail pile-ins rarely end well and the last 48 hours has seen some epic torching of uninformed, unwary longs. Be careful and above all understand that vehicles like LOIL can nuke you in a matter of hours if you get your timing wrong. All the best. |
Posted at 22/4/2020 13:12 by marceau In summary, WTI is volatile beyond belief: with historic losses, massive contango and acknowledged storage issues; all at a time with unprecedented global demand destruction. The biggest WTI ETF suspended yesterday, and may be completely bust within 2 weeks. The firm who provide LOIL suspended one of it's own (short!) WTI funds overnight and forced redemption on investors. The structure of LOIL guarantees losses over time, meaing you cannot buy and hold, and the daily opening price is dependant on opaque factors which are set during volatile out of hours trading. Is the risk/reward really worth it? |
Posted at 22/4/2020 13:03 by marceau Kirk, no problem. The key here is the complete detachment from WTI price. LOIL comes from MOVEMENT in price, tracked by an index, then leveraged 2x and reset every day. What a certain percentage rise in WTI spot, WTI futures all along the curve, the Bloomberg index or anything else associated with the market did to the price of LOIL yesterday isn't what it will do today. The LOIL price is completely untethered from anything but itself, that's what makes it dangerous. Reference market makers, they only 'set' bid/offer to draw in buyers and sellers around the price set by the index. Buyers/sellers/MMs don't have the impact on price in this like they do in something like USO. |
Posted at 22/4/2020 12:28 by kirk 6 Even the market makers peel and flow are up on the order book through direct market access so they themselves are creating a price.The index was at this level yesterday and the LOIL etf was ~1.85 that's what I don't understand. Yes I understand gaps and trade them everyday on loads of stocks however I would have expected LOIL to fill the gap based on the recovery of the underlying |
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