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by crazyideaman
2008 days ago
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A group of retail traders buy contracts requiring them to buy at settlement price. (TAS) They then sell contracts to get them to a flat position so they don't actually have to take physical stock. This part is very routine. The unusual thing is that the price actually went negative so when they "bought" to cover they were actually paid nearly $40. So they profited both off the short position and again to buy to cover. |
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