#ContangoETFs New highs today. For those of you without the history, scroll through the daily chart back a few years. You’ll see it can have some strong pushes up, but it always comes back down. Since winter hasn’t started, we could see this uptrend continue for weeks. If you’re forced to roll, you can decide whether to stop out today, and wait to sell replacement calls days or weeks later. Be very careful selling puts. It can work great as we fly higher, but don’t sit in short puts waiting for the last few pennies. Take profits, because when this thing turns around, it’ll drop fast.
Just note, the effective price when this thing started in 2011 is 4,000. It WILL come down eventually.