MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) Covered Calls
There are no covered calls available for MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN.
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Extended Business Description
The investment seeks to return a multiple (-3x) of the performance of the Bloomberg WTI Crude Oil Subindex for a single day. The underlying index reflects the performance of the price of West Texas Intermediate sweet, light crude oil futures contracts traded on the NYMEX. The fund seeks to meet its investment objective by investing, under normal market conditions, in futures contracts for WTI sweet, light crude oil listed on the NYMEX, ICE Futures U.S. or other U.S. exchanges and listed options on such contracts
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