OILK
ProShares K-1 Free Crude Oil Strategy ETF
Mentions (24Hr)
0.00% Today
Reddit Posts
Mentions
OILK is the play - USO but spread across the next 12 months
> The ETFs we’re talking about are stock ETFs, not commodity ETFs. So they’re not holding a spread of futures contracts, at least not in their top holdings. Which, admittedly, is all I’ve looked at. I’m sure that some of the companies they hold do hold futures or options contracts on their books, since commodities are extremely important to them. My first comment talked about both scenarios. ETFs like USO and OILK absolutely do hold futures contracts.
VM, bought SQQQ and OILK yesterday. How cooked am I?
Internet/Social Media investors are not generally interested in the easy money. This distinguishes them from people like Buffet or old school retail investors who just say OK there is an oil war in the Middle East I will buy oil stocks. Social Media people will do nothing or buy puts, based on the correct assumption that oil prices will decline at some point. But when? These people also don't touch things like WBD at $20 during a bidding war or NFLX below $100 today. These are just boring money making trades, but not real conversation starters. Long XOM XLU AMLP SFL April/May calls on OILK Puts on JETS
The only possible action in this situation is to make money and walk off into the sunset with the gun loaded and the suitcase shut. OILK XLU QID XOM Short JETS
IXC AMLP OILK even XOM but there is the issue of their middle eastern assets (not sure what % of total revenue)
Instructions unclear, rotated half of a portfolio into OILK.
Just repositioned one of my portfolios into 45% OILK with a gtc exto limit let's see if this works out. Worse comes to worst I might lose 15% of that entire portfolio this weekend, but the gains could get spicy.
Hope it drives the price of oil through the roof, I just repositioned one of my portfolios into 45% OILK lmao. Let's gooooo
Correct. There’s massive cope fueling the market in the US rn. I love ever dip lower than 120 on OILK because I just keep loading up. Iran said it wants to keep the strait shut until oil hits 200.
I've kept most of my tech and total market positions but wanted to hedge a bit in case the war/Strait of Hormuz closure drags on for longer than initially expected. I did that by opening positions in CF (fertilizer) and OILK.
YTD I'm down about 4.5%, but that's mostly driven by a 10% unrealized loss on AGM. I made some big shifts right before the Iran stuff kicked off and have some pretty decent gains between OILK and NET. I've been holding ET for awhile and it's had some good days too.
USO, or OILK if you don’t want to deal with a K1 form.
OILK +2% AH Should I sell?
at tax time you will appreciate having bought OILK instead of USO…
Safe to hold OILK overnight?
I think we are pretty screwed. I usually have 5% long puts and bear spreads but I am creeping up to 10%. My barbell is evil; oil and fertilizer companies. I think some of the shippers will make bank with higher fees, but they aren't trading like that now. There is a bid for fertilizer stocks. We will have 20% less fuel and fertilizer until this ends. For me, this means OILK, NTR, VLO, CF. Hopefully I won't have to own these for long and they will tank overnight when the war ends. Why things are bad: This talk about missiles and drone launches happening infrequently are one thing. However, Iran has artillery. Lots of it. They can fire mobile artillery in the mountains, move and hide, do it again. This doesn't give the precession to hit a ship you can't see, but Iran can carpet bomb the narrowest choke point of the SoH. While the Trump WH is saying they will escort ships, many, many, many ships have allegedly asked for escorts and have been refused for a reason. That's because they run the risk of artillery shots getting lucky. I don't know that an escort will play out this way, I don't have a military background, but this is my base case. This is a modern war that is most like the war between Russia an Ukraine. Think lots of trenches, new secret holes being bulldozed out of mountains in undergorund missile cities with infrequent drone and LR missle attacks. I think boots on the ground is probably what it takes to prevent Iran's capability of raining down projectiles. But, still net long, though carrying cash and shorts. Jamie D's comment on BAC the other day means I'll probably take out super long duration bear spreads on them the other day. He knew that banks had a private capital problem and he hinted at it without saying something that could get him sued. Jamie D warned us about private capital in his particular way that prevents him from being sued, and he just did that with BAC. It is clear that Trump is TACOing and laying blame on Rubio and Hegseth and Hegseth will probably be the next to go, thank God. But, it takes two to TACO. Assassinations and decapitation strikes are illegal under US law. Only congress can declare war under US law. Assassinating the entire leadership of a country is certainly a declaration of war, full stop. The decapitation strike **could not have gone worse.** The father and wife and other family members of the new Ayatollah were assassinated and he survived with injuries. He is described as being more religious than his father. Can you imagine a Catholic being described as more religious than the pope? That's how bad a short straw we drew. The IRGC is its own independent organization that will only go along with the Supreme leader if they choose violence, all three parties, the clerics, the army, and the IRGC (40% of Iran's economy is IRGC jobs) are aligned. They can do massive economic damage. THey can curtail oil production. This world still runs on oil. Hopefully, I'm wrong, and then I'll take a day or two of steep losses with my hedges and then it is back to groundhog day, MU, EWY, are still my favorite stocks. I will overweight before earnings. I don't think the market really understands the battlefield. I don't think the market really understands Iran. I think people are overconvident, but I will be long and hedged all they way down to the bottom. They, hopefully, I will only be straight long, no barbell, no chaser. This is a high-risk regime though. It is more important to hold onto money you made then to make money when the bears are out. But don't go full Forest Gump and sell everything.
Thoughts on OILK? USO has K-1 form thingy
OILK is a long today. Tomorrow, next week, who knows.
OILK if you don't want to have to file K-1 with your taxes.
Has a K-1. Me no like K-1. OILK is K-1 free
Full port EUAD, SHLD, OILK and RTX and delete the app
oh didn't know that (or forgot). Good comment then. Sold out of my OILK too early when the Battle (Hate to use that word war -- since it's been in a war state for a long time) started, but on the positive side, I put a lot more $ into HGER and CMDT and more into MLPX (Which is not that correlated - but still). My OILK position was small. I went huge into VTIP too and more into STPZ. I'll be adding to VTIP on Monday. Convert some other Ultrashort Bond positions to that.
Mr. Juan Pablo you are late to the game, no way around it. If you are so sure oil will keep on climbing and can’t trade commodities then go for ETFs. I’d suggest OILK and FENY. No K1 form for either. Not the best way and best timing to trade oil, but you can test your theory with that.
Agree, but I prefer OILK so that I don't get a K-1 tax form and have to spend another $50 on the next level up TurboTax package.
Thinking about going all-in on OILK.
Y'all keep throwing chicken bones. I'll be levered in OILK.
Seems more straightforward to just buy calls on OILK or USO. Propping up the oil price is the point of the war, after all.
Voo and Vti are good but are mostly the same, so you could just dump one and put it into the other. I would dump GME into NVDIA personally. Don’t really know OILK.
firstly just call options on USO crude oil futures etf. in addition to that, keep it simple. call options on XLE energy sector etf. if you're not in an options account, i like OILK which is a crude oil futures etf that pays a nice monthly dividend and no k-1 come tax time. XLE is fine to hold long term as well, but maybe you want some more leverage so PSCE small cap energy etf is a good one to have in the portfolio.
There is a ton of oil specific ETFs like USO, USL, OILK, DBO, etc. all slightly different. Just Google and do your own research.
Much recession fears keeping oil prices flat. UCO is a bit risky. I'm bullish oil due to geopolitical fears as well though so I'm in OILK crude oil futures ETF that pays a big dividend.
OILK I think is the only one
[OILK holds /CL futures](https://www.proshares.com/our-etfs/strategic/oilk). They're currently holding March, May, and November 2023 expiry at approximately equal proportion. You should read through its prospectus to get a better idea of their strategy, although I don't see how or where they're able to pay out dividends if the only thing they're doing is rolling futures contracts.
>So, I know the dividends are irrelevant... Right. >But... definitely different in the near term No, what? Dividends are still irrelevant. That's a mathematical fact, not an investment style recommendation. Figure out what the expected return is. Ignore the yield number. https://stockcharts.com/freecharts/perf.php?TLT,TLTW&p=6 https://stockcharts.com/freecharts/perf.php?USO,DBO,OILK&p=6
The monthly distributions (similar to dividends) from OILK fluctuate **a lot** from month to month, and from year to year. It's a rollercoaster.
Yes I agree with you. It went down during the pandemic and just didn’t rebound like most other oil stocks/etfs. I own CVX, XOM and other mlps and oil centric etfs. So I understand how most oil stocks have fared. Oilk recently starting paying monthly and I have a specific account for monthly dividend payers. OILK has a dividend yield of 69.22% and paid $32.73 per share in the past year. If that continues great but if it drops fine, I’m looking to hold just over a year and grab very high dividend returns. It is hard diversifying my monthly dividend account that I’m experimenting with. I feel this stock could help. So far my monthly dividend account has lost less than my traditional account with all the dividend reinvestment. All this without having to reorganize my stock portfolio. I’m looking for steady income and stock price preservation. Only need to see if oilk can maintain its stock price with that dividend. Which it is forecast to keep its dividend strong for the rest of the year, now with that potential oil bump that I believe will happen/happing, the stock price should also rise.
Yes I agree with you. It went down during the pandemic and just didn’t rebound like most other oil stocks/etfs. I own CVX, XOM and other mlps and oil centric etfs. So I understand how most oil stocks have fared. Oilk recently starting paying monthly and I have a specific account for monthly dividend payers. OILK has a dividend yield of 69.22% and paid $32.73 per share in the past year. If that continues great but if it drops fine, I’m looking to hold just over a year and grab very high dividend returns. It is hard diversifying my monthly dividend account that I’m experimenting with. I feel this stock could help. So far my monthly dividend account has lost less than my traditional account with all the dividend reinvestment. Only need to see if oilk can maintain its stock price with that dividend.
You want oil, go for ETFs holding assets of shares to actual energy companies. Try PXE or IEO. Both are dramatically outperforming OILK year to date.
Imagine 200K put into $OILK and $ZIM...
If it is a sure bet that OIL is going to $140 then everyone will buy the ETFs connected with OIL and make billions. Easy money! Oil investments: SCL OIL USL OILK
I would add USO and OILK to that
When it was announced Putin was putting troops on the border I bought a little of each of SWN DCP OILK DBO. They’ve consistently went up. I’m still new to stocks but I think I made a good purchase. Only question is when do I sell?
I'm happy to be wrong but I think its more about rotating into different investments. If I know Russia was going to invade Ukraine on Tuesday then on Monday I want to be invested in Haliburton, Lockeed Martin, Palantir, OILK, etc.
OILK is listed on my account at 67.88%, futures based. A casual glance at whatever oil is doing makes me not want to touch it with a 39 1/2 foot pole
Anyone here take a look at OILK. Seems like an odd ticker and I'm curious what is going on with the ridiculous dividends.
Not USO. The tax forms are horrendous. OILK.
I own OILK for exposure to US crude oil and VDE is a good energy etf
I'm already on board the oil train. I bought OILK, USO, and UGO when oil was negative last April. I've doubled my money on it so far.
OILK doesn't have a K-1, that's the alternative to UCO I chose. for those who aren't aware, apparently some commodities funds have really annoying tax forms called K-1s that are enough of a pain in the ass to be worth avoiding entirely.
OILK is something to consider here.
Yeah I want them all! It’s hard to choose. Right now I’m pretty much locked into QQQM and ARKG for looonnnnggg term investments. I’m also highly considering ICLN and THCX as long-term, but willing to get out of nothing is happening. For short term (1-2 years) I’m thinking JETS and OILK, as I think those two will creep back to normal levels.