Replies to post #25275 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Peasodos]

February Contract is $28.28
March Contract is 29.46
Right Now.

UWTI is 100% on March Contract. There is no magical gap up, February contract expires tomorrow.

The rollover happens every month.

[SgtJBone]

UWTI and DWTI isn't making any sense right now. Oil shot up and DWTI isn't even watching it's trading in the green, it's like they aren't even looking at the price of oil before they buy. Man these are some stupid people. If I was in DWTI right now I would be so happy to be able to get out at such a high price when oil jumped up. I might have to sell right now at this ridiculously low price, because I'm not going to hold over night.