if you look hard enough and are a real ET maven you might find an odd lot out there this am ( pre market ) a free lunch so to speak of in a commodity based ETF say 72 shares being mispriced ... yours for the taking
Can I ask the obvious question Seth - why are you posting about the arb and not taking advantage of it yourself?
good question ... I took some of it already but there is not enough out there to hedge for me ... I might decide to grab the last few shares ( if they are still there ) you might say I got lucky was short an odd lot of shares in this ETF overnight and saw an opp. to take a small loss and go long and prob. make alot more than my loss ( which was about $10 )
update decided to take the remaining 72 shares myself ! the stock was USO by the way gotta go now ... I see another ETF with mispriced shares ( only 100 though )
brief synopsis of trades taken bought GLD $87.07 as Aug. futures were making new highs above $886 overnight sold higher ( forgot exact price GLD these went for but for sure at least 50 cents higher later in the am ) covered sale of uso ( 28 shares $103.68 @ $103.99 then went long @ the covering price ) as july crude was hitting new highs above $130 fig overnight sold em out way too early @ $106.20 avg approx