Read? XIV trader: ‘I’ve lost $4 million, 3 years of work and other people’s money’
See Jesse Livermore's single largest regret for paying enough attention to his own money managment rules.
So don't poke at Uncle8888's rotting cash as he is paying attention to rules up to two decimal places.
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In speculation .. you eat others lunch or you provide lunch.
ReplyDeleteMacro Risk Advisors says the trader known as "50 Cent" was able to turn a massive loss into a big profit last week.
"The persistent buyer of VIX call options that we have been tracking finally made money – and how! As of the Feb 9th close, we calculate that '50 Cent' is up nearly $200 million ever since we started tracking their purchases in January of last year," Pravit Chintawongvanich writes.
The Cboe Volatility Index, or VIX, is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. It surged by 115.6 percent last Monday to 37.32.
LOL!! Power to their strong hands ... It/they deserved it!! :)
ReplyDeleteBut most likely an institution protecting an even larger hoard of assets ... they incurred massive cumulative losses of US$200M on this hedging strategy from Jan 2017 until Jan 2018 before striking payday in Feb 2018 of US$400M.
Get rich or die tryin' --- original 50 Cent ... LOL!