Taking advantage of the fact that all ETFs perform very poorly in comparison with their underlying, we are going to sell one ETF that replicates the reverse SP500. The SPXU.
If the SP500 goes down, the SPXU would go up and this would work against our strategy. In order to avoid this problem, we will cover this operation by selling one mini SP500 future.
The bargain would look as follows:
1 mini SP500 future sold
500 shares of SPXU sold
Then, we just reap the benefits and do whatever we want
The following graphic shows the …

Esta es la traducción literal de su artículo:
Gas Natural ETF (UNG): Cara, yo gano, cruz, tu pierdes
Mientras que los puntos débiles de los ETF´s sobre las materias primas están bien documentados, la diferencia entre el precio del gas natural y el ETF que debería replicarlo ha producido una advertencia muy útil que indica porque deberían evitarse muchos de los instrumentos más exóticos. Como siempre, los inversores deberían conocer su contenido y estudiar estos instrumentos antes de invertir en ellos.
El gráfico de abajo compara el rendimiento del primer vencimiento continuo del …

There is a Calendar Spread for General Motors with call options where it is possible to loose a small amount of money or earn a lot. Logically, in order to win it is desirable that General Motors waits to go bankrupt at least a couple of months.
It is quite reasonable that this will not happen in two months, since it has been proposed a swap of debt for shares at a rate of 225 shares of General Motors which yesterday closed at 1.15 dollars for every $ 1000 nominal par …

Below is shown the first and very simple example of a spread chart, to little by little catch the interest. This example is important to understand the mechanism of a spread and to “digest” this theory. It is not posted with the intention to operate with it tomorrow.
This case tries to clarify the concept of applying a certain factor to each underlying to make the spread.
This first example it shows a spread between one contract of the DAX and four contracts of the EUROSTOXX50. This is an attempt that the …

 
The spread charts have lots of advantages, compared to the usual trading products.  Its use is completely unknown in the world, though lately its been trying to introduce what is called “relative value pairs” trading, but this way of operating is as far from the professional use of spread charts as the difference in the quality of a musical beat played with a hollow trunk and the most sublime Mozart symphony.
 
 The new generation of spread charts provides a more professional approach to the technical analysis adding immense potential in some …

Con la entrada de la primavera podemos ver que una mariposa ha empezado a batir sus alas sobre tres vencimientos del crudo. Como el primero de esos vencimientos expirará al iniciarse el verano, suponemos que sus alas se acercarán a cero antes de tomar impulso y levantar el vuelo.

En estos momentos el precio de la mariposa está alrededor de 0.12 dólares por barril. Es muy probable que se pueda comprar en el entorno de 0.05, como también es probable que se pueda vender a 0.40, y si el crudo no sube mucho incluso mucho más…