SCOProShares UltraShort Bloomberg Crude Oil
SCO Fund Description
SCO provides -2x the daily return of an index that measures the performance of crude oil as reflected through futures contracts on light sweet crude oil.
SCO Factset Analytics Insight
If you're looking for an inverse oil fund, SCO is a solid bet. The fund has a long track record, a decent asset base and a reasonable fee. Most importantly for a tactical tool, it's relatively cheap to trade. As an inverse ETF, SCO is intended as a short-term tactical investment to be held only for its one-day exposure period; it's not appropriate for buy-and-hold investors. Daily compounding of SCO's inverse crude oil returns can lead to the fund's returns varying significantly from the intended multiple, so longer term investors must monitor and rebalance their position. SCO's futures-based index means that its returns reflect price appreciation on its futures contracts as well as any return from "rolling" those futures contracts.
SCO CHARTS AND PERFORMANCE
SCO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SCO. SCO 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.