2024-04-04 10:39:02 ET
Summary
- We had a bull rating on Credit Suisse X-Links Crude Oil Shares Covered Call ETNs, the covered call fund for crude oil futures.
- The bullish factors played out, and the fund has outperformed even the S&P 500.
- We look at how those factors are in play today and update our thesis.
On our last coverage of Credit Suisse X-Links Crude Oil Shares Covered Call ETNs ( USOI ), we gave it a Buy rating. While the problems with blind covered call selling funds are not something we generally look past, the fundamentals were just too compelling. Commodity futures exposed funds also have some significant decay issues, and that is why we have historically only traded them from the short side....
Read the full article on Seeking Alpha
For further details see:
USOI: Crude Oil Covered Call Fund Delivers