StockFetcher Forums · General Discussion · DWTI an UWTI traders beware<< >>Post Follow-up
gmg733
391 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.

graftonian
220 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.

gmg733
391 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.

johnpaulca
10,301 posts
msg #132624
Ignore johnpaulca
11/18/2016 5:27:16 PM

Must be the contango with these ETN, down about 50% this year.

pthomas215
454 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?

VenturaTrader
27 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

pthomas215
454 posts
msg #132800
Ignore pthomas215
11/25/2016 10:29:04 PM

Thank you Mike.

StockFetcher Forums · General Discussion · DWTI an UWTI traders beware<< >>Post Follow-up

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