>>60727211
>oversold
kinda ya, if you think the underlying asset itself is priced right, but when an instrument is priced below nav it's often a sign the assets are gonna drop further. not always, possibly a buying opportunity. it means just what it says and nothing more though, that the instrument is priced below it's net asset value. happens a lot. you're lucky i'm here, otherwise you'd have to rely on the /biz/ regulars for answers. basically it's another situation where you should trust your feelings and not the numbers. many such cases.