GLLProShares UltraShort Gold
GLL Fund Description
The ProShares UltraShort Gold ETF provides -2x the daily performance of gold bullion as measured by the fixing price, in US Dollars, for delivery in London.
GLL Factset Analytics Insight
GLL is a geared inverse product that's designed for short-term bets against the spot price of gold. Investors should be aware that compounding can cause the fund's return to vary significantly from the headline -2x exposure if held longer than one day. To obtain the multiple over longer periods, investors must monitor and rebalance their position. As a physically based fund, contango doesn't factor into GLL's returns, unlike some competing products. Since the fund is designed for tactical use as opposed to long-term investment, the cost of accessing it is of more importance than the cost of holding it—which is quite high. GLL has typically traded with reasonable volume, but spreads can be wide at times.
GLL CHARTS AND PERFORMANCE
GLL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GLL. GLL is rated a 5 out of 5.
Options Strategies for Outcome Investing
Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.