Replies to post #13726 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[bcrew13]

Its like a straddle option, sell uwti high, wait for it to drop, then sell dwti, profit is the difference, hence why he said its needs to be volatile.

[AntiMarketMaker]

we should go up in Greece

[Nebuchadnezzar]

no. if I need to explain how to make money on these, you don't belong here. sorry.

[fitzwell11]

It's a hedge. You'd take profits in the one that moves up in the channel first, use those profits to double down on your opposite position and then sell off the bounce. I've done similar with UGAZ/DGAZ as nat gas has been trapped in a very predictable channel for a long time now.