maher

Inverse Oil ETF Plunges 26%: What Gives?

Wait, do you mean then that if oil is at $120 on June 25th; DCR will be at -0- (Zero)? And UCR at $40?

And if oil goes continues to go above $120, then DCR will continue to be at -0- (Zero); and UCR will climb according to (Price of Oil)/3?

But once oil hits $120 and DCR goes to -0- Zero, could it again rise from -0- Zero if oil drops back below $120?

That will mean for DCR to be at $10 again, the price of oil has to drop to $90; and for DCR to be at $14 again, the price of oil has to drop further to $78 per barrel.

Meaning DCR will automatically cease to exist at oil $120, until such time as oil starts falling back below $120.

Geesh, this is complicated, and it sucks!