USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN
What is USOI?
USOI offers the returns of a covered call strategy on a front-month oil futures ETF.
USOI Factset Analytics Insight
USOI adds a twist to the crude oil segment by extracting income from oil futures exposure. The ETN provides the return of USCF’s popular front-month oil ETF, USO, coupled with a notional short position in USO calls expiring the next month with strike prices 6% out of the money. The strategy adds yield and lowers volatility compared to owning USO outright, but at the cost of upside participation. Therefore, USOI is likely to perform very differently from crude oil futures. USOI aims to distribute yield monthly, typical of an ETN.
USOI Summary Data
USOI Portfolio Data
USOI Index Data
USOI Portfolio Management
USOI Tax Exposures
USOI Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of USOI. USOI is rated a 5 out of 5.
USOI Performance Statistics
USOI Tenor Strategy
USOI's index holds futures contract that is the near month contract to expire.
USOI Rolling Strategy
USOI rolls its monthly exposure on the 10th day prior to expiration, over the next five consecutive days.