USOI
Credit Suisse X-Links Crude Oil Shares Covered Call ETNUSOI Fund Description
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 and is a poor Fit for those looking to track the spot price of crude oil closely. While the ETN structure provides a more efficient way to employ the covered call strategy, the expense ratio on USOI is slightly higher than similar products.
USOI Charts And Performance
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USOI Summary Data
USOI Portfolio Data
USOI Index Data
USOI Portfolio Management
USOI Tax Exposures
USOI Fund Structure
USOI 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 Tradability
USOI Top 10 Targeted Commodity Weights
USOI Tenor Strategy
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USOI Rolling Strategy
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USOI Performance Statistics
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