n******n
发帖数: 12088 | 1 除了USO之外，像什么DBA，DBB之类的，只要有roll over，就会有contango吧？ |
m******t
发帖数: 2416 | 2
They are all impacted by the contango, but
for how much it depends on how/when they roll
over.
【在 n******n 的大作中提到】
: 除了USO之外，像什么DBA，DBB之类的，只要有roll over，就会有contango吧？
|
K****D
发帖数: 30533 | 3 Does contango mean USO drops/jumps slower than crude oil price
(at current stage)?
//blush.
【在 n******n 的大作中提到】
: 除了USO之外，像什么DBA，DBB之类的，只要有roll over，就会有contango吧？
|
f****t
发帖数: 1063 | 4 co ask, what is contango?? //
【在 K****D 的大作中提到】
: Does contango mean USO drops/jumps slower than crude oil price
: (at current stage)?
: //blush.
|
m******t
发帖数: 2416 | 5
It's not a condition of any ETF itself, but the underlying futures contracts.
When a far month contract is traded at a premium over a near month,
we say the market is in a contango. For example at the moment the
Dec 2009 contracts on sweet light crude oil are traded around $56,
while the Jun ones are just above $48.
【在 K****D 的大作中提到】
: Does contango mean USO drops/jumps slower than crude oil price
: (at current stage)?
: //blush.
|
K****D
发帖数: 30533 | 6 I understand that. But I am confused on what that means to USO.
contracts.
【在 m******t 的大作中提到】
:
: It's not a condition of any ETF itself, but the underlying futures contracts.
: When a far month contract is traded at a premium over a near month,
: we say the market is in a contango. For example at the moment the
: Dec 2009 contracts on sweet light crude oil are traded around $56,
: while the Jun ones are just above $48.
|
m******t
发帖数: 2416 | 7
Oh, sorry, I guess I mixed up your question with facmit's.
Well, the gist of the impact is this:
1. USO always tracks the front month contracts.
2. So when the front month contracts are about to expire,
USO has to sell them and buy the next month ones (which
are becoming the front month).
3. When there is a contango, USO pays more to buy
the next month than it gets from selling the front month.
4. Hence USO's performance tends to deviate from
the actual spot oil prices, sometimes quite signific
【在 K****D 的大作中提到】
: I understand that. But I am confused on what that means to USO.
:
: contracts.
|
n******n
发帖数: 12088 | 8 DBA似乎是半年一次rollover。
【在 m******t 的大作中提到】
:
: Oh, sorry, I guess I mixed up your question with facmit's.
: Well, the gist of the impact is this:
: 1. USO always tracks the front month contracts.
: 2. So when the front month contracts are about to expire,
: USO has to sell them and buy the next month ones (which
: are becoming the front month).
: 3. When there is a contango, USO pays more to buy
: the next month than it gets from selling the front month.
: 4. Hence USO's performance tends to deviate from
|
