ONLN – ONLINE RETAIL PROSHARES ETF
This instrument is assembled from all top major online retailers (AMAZON, EBAY, ALIBABA, etc) and has a natural leverage of 2.
When retailers rise 1%, ONLN rises 2% and as a CFD contract it has a leverage of 30 over, which means pay-out of 60% on 1% movement.
This year’s black Friday & holiday season shopping won’t be the same as any other year.
Regardless of shoppers volume & revenue, the Covid-19 restrictions wont allow shoppers to visit offline retailers (shopping malls and street vendors) and therefore the online retailers will take the lion share of the cake this year.
Position is a LONG.
Entry rate 70$.
Position size = 10,000 shares
Position value = 700,000$
Margin requirements = 10% from position value = 70,000$
Free margin 2% from position value = 14,000$
Take profit at 78$.
Spread of 8$.
EST PROFIT =80,000$