Replies to post #38288 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[kamakiri]

Looking at mid-high $16s if WTI hits $40ish. Over buying the puts and D net-nets my shares to a little under $14 equivalent. As long as I remain hedged, lower is better. Before today's buy, the net-net was about $8.

[$theDDmessiah]

You called it