(USOI) Credit Suisse X-Links Crude - Overview
ETF Category: Commodities Focused | Exchange: NASDAQ (USA) | Market Cap: 312m USD | Total Return: 54.8% in 12m
TER: 0.85%
Avg Turnover: 5.39M
Warnings
No concerns identified
Tailwinds
Leader, Tailwind
USOI is an Exchange Traded Note (ETN) that aims to replicate the performance of a covered call strategy on crude oil. This strategy involves holding an asset, in this case, shares of the United States Oil Fund, LP (USO), and simultaneously selling call options on that same asset.
The ETNs return is linked to an index that tracks both the price changes of USO shares and the notional premiums generated from selling monthly call options on these shares. This approach in commodity-linked investments seeks to generate income through option premiums while maintaining exposure to the underlying commoditys price movements.
Notional transaction costs associated with implementing this covered call strategy are deducted from the overall return. Understanding these mechanics is crucial for evaluating the ETNs potential. For a deeper dive into the specific financial metrics and historical performance of USOI, further research on platforms like ValueRay is recommended.
- WTI Crude Oil price volatility impacts underlying asset value
- USO Fund share performance dictates ETN returns
- Notional call option premiums drive income generation
- Transaction costs erode overall ETN profitability
- Energy market regulations influence USO Fund operations
Over the past week, the price has changed by +8.03%, over one month by +17.51%, over three months by +39.98% and over the past year by +54.75%.
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