About MicroSectors U.S. Big Oil Index 3X Leveraged ETNs
3x daily leveraged ETN issued by Bank of Montreal tracking an equal-weighted index of large-cap U.S. oil stocks. Not a company — an unsecured debt note with daily compounding decay. Enormous implied vol generates huge CSP premiums, but assignment means holding a rapidly decaying leveraged product. For experienced traders only.
Leveraged ETN