USOI
Closed
Credit Suisse X-links Crude Oil Shares Covered Call Etn
65.82
-1.13 (-1.69%)
Last Update: 06 Sep 2024 23:15:00
Yesterday: 66.95
Day's Range: 65.155 - 67.49
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When Written:
77.77
The Credit Suisse X-Links Crude Oil Shares Covered Call ETN (ticker symbol USOI) is an exchange-traded note that tracks the performance of the Credit Suisse NASDAQ WTI Crude Oil FLOWSTM 106 Index. The index seeks to provide exposure to the performance of a covered call strategy on the United States Oil Fund LP (USO), which tracks the price of West Texas Intermediate crude oil.
The covered call strategy involves selling call options on the underlying asset (in this case, USO) in exchange for a premium, which can help generate income and potentially provide downside protection in certain market conditions. However, this strategy also limits the potential upside of the underlying asset.
USOI is designed to provide investors with exposure to the performance of the covered call strategy on USO, while also providing a current income stream from the premiums received from selling the call options. The ETN has an expense ratio of 0.85% and is listed on the NASDAQ stock exchange.
It is important to note that ETNs are debt securities issued by a financial institution, and their value is tied to the performance of an underlying index or asset. As with all investments, there are risks associated with investing in USOI, including the potential for losses if the price of crude oil or the underlying asset (USO) declines, as well as credit risk associated with the issuer (Credit Suisse). Investors should carefully consider their investment objectives and risk tolerance before investing in USOI or any other investment.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
The covered call strategy involves selling call options on the underlying asset (in this case, USO) in exchange for a premium, which can help generate income and potentially provide downside protection in certain market conditions. However, this strategy also limits the potential upside of the underlying asset.
USOI is designed to provide investors with exposure to the performance of the covered call strategy on USO, while also providing a current income stream from the premiums received from selling the call options. The ETN has an expense ratio of 0.85% and is listed on the NASDAQ stock exchange.
It is important to note that ETNs are debt securities issued by a financial institution, and their value is tied to the performance of an underlying index or asset. As with all investments, there are risks associated with investing in USOI, including the potential for losses if the price of crude oil or the underlying asset (USO) declines, as well as credit risk associated with the issuer (Credit Suisse). Investors should carefully consider their investment objectives and risk tolerance before investing in USOI or any other investment.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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