Replies to post #4898 on ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[Smilin_B]

You do realize what the price of UCO equates to if crude oil goes to $10 a barrel right? Have you done the conversion at 2x the rate of decline on WTI.

And then there is always the possibility of the standard reverse split when these ETFs trade this low. They sometimes get "cancelled" altogether or RS

I knew this getting into this particular one, but I'm just hoping that's the underlying commodity can stabilize and reverse prior to anything happening to the structure of the UCO itself