UWTI and DWTI will be delisted in Dec, what will happen?

Look like the spread is really big, not good deal at all.

 

UWTIF looks OK, 10¢ wide and tradeable near midpoint. But DWTIF is tough.

 

yes $1 spread is crazy that is around 2%

 

LOL what are you idiots doing holding these when you knew they were going away.

 

No single one over here mentioned they are holding.

 

UWTIF only raises 2% while DWTIF drops more than 4%. This two pairs have been very bullshix in the OTC market, not matching 3x daily at all.

 

Citi Revives Popular Leveraged Oil ETNs That Credit Suisse Killed

While the new ETNs are similar in structure and linked to the same S&P GSCI Crude Oil Excess Return Index, there are a few differences between old and new. In particular, the new notes are more expensive.

The Citigroup-backed products will have expense ratios of 1.5 percent, while the old ones were 1.35 percent, according to the prospectuses.

 

Good points Deut 24; UWTI, had some great moves + volume ....UWTI, DWTI got expensive[ bid/ask] when they delisted it LOL. One trader did an article about a curious trade on the delisted UWTI;But in fairness to the bank[CS] that ran it-- they gave plenty of notice.