Jump to content

Granite etf short Tesla x 3


Recommended Posts

Yes - there was a consolidation action of 1 for 1500 of these securities : https://www.sharesmagazine.co.uk/news/market/LSE20210504170819_3963598/GraniteShares-3STS-Reverse-split-Consolidation

I've been on chat and on the phone to IG - they've done the consolidation, but still not updated the correct prices, which should of course also rise by ~1,500 on a ceteris paribus basis (all things the same). At the time of writing this, TSLA has dropped a further 2.4% today, so these securities ought to have risen ~ 7.2% (3x short TSLA) on the day. 

The IG person I spoke with this evening promised me he would check with the relevant team and revert. My call was very late in the day (after 6pm) so I trust that they will have this resolved in the morning. If not, I do suggest calling again. 

Link to comment

I called today and still no update - be interested to hear why this is taking so long and I assume they will calculate daily changes in retrospect, as I'm sure everyone is expecting values to go up with Tesla dropping...

Link to comment
21 hours ago, Alotment said:

Anybody find their trade on the above this morning disappear off their account. Price went from .01 to about 9 pounds. My profit was scrubbed by IG! Original trade still sitting in history though.

 

16 hours ago, AndrewM said:

Yes - there was a consolidation action of 1 for 1500 of these securities : https://www.sharesmagazine.co.uk/news/market/LSE20210504170819_3963598/GraniteShares-3STS-Reverse-split-Consolidation

I've been on chat and on the phone to IG - they've done the consolidation, but still not updated the correct prices, which should of course also rise by ~1,500 on a ceteris paribus basis (all things the same). At the time of writing this, TSLA has dropped a further 2.4% today, so these securities ought to have risen ~ 7.2% (3x short TSLA) on the day. 

The IG person I spoke with this evening promised me he would check with the relevant team and revert. My call was very late in the day (after 6pm) so I trust that they will have this resolved in the morning. If not, I do suggest calling again. 

 

7 minutes ago, RO1982 said:

I called today and still no update - be interested to hear why this is taking so long and I assume they will calculate daily changes in retrospect, as I'm sure everyone is expecting values to go up with Tesla dropping...

Hey all, 

GraniteShares 3x Short Tesla Daily ETP (3STS) has had a stock consolidation action of 1 for 1500. We closed your original position at its opening level and opened a new trade on your behalf. The new position will reflect the ratio of the consolidation, ensuring that you don’t gain or lose any capital in the process. For every 1500 shares you had it will be replaced by 1 share.
 
The London stock exchange cancelled trades executed on the 17th May 2021 as these were executed against pre-consolidation share holding but a post consolidation price. IG passed on these cancellations to clients and reflected the terms of the consolidation.
 
GraniteShares 3x Short Tesla Daily ETP (3STS) is currently set to phone dealing only as it's been halted in the underlying market. Once the London stock exchange unsuspend trading we will set the market to tradable on our platform and the price will be adjusted correctly.
 
All working orders for GraniteShares 3x Short Tesla Daily ETP have been cancelled.
 
Anyone still holding positions on a leveraged account your stops and limits will be adjusted accordingly.
 
If you have any questions please let me know. 
 
All the best, Charlotte 
Link to comment

Thansk for your reply

Will share values take into consideration movements on 17/05 and 18/05 despite trading being halted? I would imagine everyone is expecting to see an increase in an open positions that were held pre consolidation because of decrease in Tesla share price

Thank you

Link to comment

Hello @CharlotteIG
Is there any news on when the pricing and trading will go live please? As noted above, there is an expectation that open positions will accurately reflect all price movements since the close of trading on the 14th May. Thank you 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,298
    • Total Posts
      90,949
    • Total Members
      41,429
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    EvieP
    Joined 08/02/23 10:22
  • Posts

    • I don't think the IG spreadsheet is supported anymore and like you have discovered it is tricky and time-consuming to get working. I've lots of experience using Excel for financial markets/trading purposes as well as using the IG API. I've built an Excel Add-in which makes using Excel with IG much easier, you don't need to deal with DDE, RTD etc. you can just use standard Excel formulas: https://www.excelpricefeed.com/ I think Excel is great for analysing prices, backtesting, modelling, generating signales etc. but I would not suggest that you try to use it for actual trading. Andy
    • Gold price and oil price rally, as lumber price drops back Gold and oil have managed to push higher, recovering some of last week’s losses. Meanwhile, lumber has fallen again. Source: Bloomberg  Chris Beauchamp | Chief Market Analyst, London | Publication date: Wednesday 08 February 2023  Gold pushes higher After the steep losses of Thursday and Friday, the price has attempted to edge higher. A higher low could be in the process of forming, though if the price breaches $1861 this view would be cancelled out. This would then bring the 50-day simple moving average (SMA) into view, and may well result in additional losses down towards $1800. A weaker US dollar might provide hope of a bounce that could set up a move back towards $1950. Source: ProRealTime WTI moves back above 50-day MA US crude oil has clawed back Friday’s losses, rebounding from the lows of the week. Having held the $72.80 area that was also support in early January, a move back towards the 100-day SMA could be in the offing. Above this, the January highs around $82 act as possible resistance. Having prompted a reversal that, for the moment, cancels out a bearish view, buyers will want to see a move above $84 if they are to lay the foundations of a move towards the 200-day SMA. A drop back below $72 is needed to revive the bearish view which seemed so strong on Friday, and would then open the way to $70 and lower. Source: ProRealTime Lumber losses accelerate After another day of losses, a lower high for lumber could be in place. A reversal from below the 200-day SMA would seem to bolster the bearish case, especially since the price failed to break above 54,000. This had acted as resistance back in October as well. Further declines target the 100-day and 50-day SMAs, before moving to the January low around 36,400. Buyers will need to see a move above 54,000 and the 200-day SMA to suggest that a more bullish view prevails. Source: ProRealTime
    • Volatile trade, following Fed Chair Jerome Powell’s comments at the Economic Club of Washington DC, has ultimately ended in gains for major US indices the SP500, Dow Jones and Nasdaq 100. Source Bloomberg   Indices Market trend Federal Reserve Dow Jones Industrial Average Nasdaq-100 Trade    Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Wednesday 08 February 2023  While the Fed chair noted that inflation was continuing to ease, he also suggested that US lending rates are likely to rise further. While disinflation has begun in the world’s largest economy, figures remain a far cry off the central banks 2% target. Expectations are that rates are still likely to reach the 5% to 5.25% range, considered a point of neutrality. However, Mr Powell cautioned markets that the reemergence of higher inflation and strong labour reports could push rates further than markets currently expect. Markets appeared to dismiss the ‘hawkish’ comments from the Fed, and major benchmark indices have started to extend the bullish trends we have seen this year. S&P 500 (US 500)   Source IG The moving 20 (red), 50 (green)and 200 (blue) day simple moving averages (MAs) reaffirm the upward trend bias for the SP500 index. The stochastic oscillator currently labours in overbought territory. Our view is that the trend takes precedence over the overbought signal. A shallow pullback on the index looks to have ended with a bullish engulfing candle pattern / price reversal. 4195 and 4220 provide the initial upside resistance targets from the move higher, while 4325 provides a longer-term upside resistance target. Traders who are long might consider using close below the 4085 low as a tight stop loss indication for the trade. A tight stop loss consideration is in lieu of the overbought conditions in play. Traders could also consider trailing a stop loss with the red trend line on the chart. Nasdaq 100 (US 100) Source IG The technical indications on the Nasdaq 100 (US Tech 100) are like that of the SP500. The moving 20 (red), 50 (green)and 200 (blue) day simple moving averages (MAs) reaffirm the upward trend bias for the index while stochastic oscillator currently labours in overbought territory. A shallow pullback on the index looks to have ended with a bullish engulfing candle pattern / price reversal. 12900 and 13190 are the initial upside resistance targets from the move higher. Traders who are long might consider using close below the 12400 low as a tight stop loss indication for the trade. A tight stop loss consideration is in lieu of the overbought conditions in play. Traders could also consider trailing a stop loss with the red trend line on the chart. Dow Jones Industrial Index (Wall Street 30) Source IG The Dow Jones Industrial Index while also posting gains in the near term, reflects a slightly different trading environment right now to the SP500 and Nasdaq indices. The short to medium term trend for the index is considered sideways, while the longer-term trend bias is considered up. The sideways range is considered between levels 32475 (support) and 34660 (resistance). Traders of the index might prefer to keep a long bias to trades in lieu of the longer-term uptrend still in play. Long trade considerations might be on a bullish price reversal closer to range support or on a bullish upside break of range resistance.
×
×
  • Create New...