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Re: No-Quarter post# 31210

Thursday, 05/16/2024 8:54:36 AM

Thursday, May 16, 2024 8:54:36 AM

Post# of 31733

Why are you focusing on the July '24 contract?

That is the contract that BOIL holds.

Holdings as of 5/15/2024
Exposure Weight Ticker Description Exposure Value
(Notional + GL) Market Value Shares/Contracts SEDOL Number
200.03% -- NATURAL GAS FUTR JUL24 1,169,663,670 -- 44,457 --
-- -- NET OTHER ASSETS / CASH -- $584,738,369.60 584,738,370 --

In Apr they rolled the May contract into July NGN24, they did not roll in May, They have rolled every TWO months since I started watching it.
If they (Proshares) follows that pattern then they will roll into the Sep NGU24 on 10Jun24. The reason they roll every two months is to attempt to reduce the horrible decay. I got that info from one of the daily NG news sources.

The index is valued using the settlement prices for the underlying futures contracts. The index rolls its contracts over the course of 5 consecutive business days, starting on the 6th business day of the month. Each day, approximately 20% of each futures position that is included in the month's roll is rolled.

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