ES Journal - 2019/2020

[schizo]

CLK20: $-35 (-292%)

Wow!!

 

[syswizard]

Hence, there's a killer arbitrage opportunity if you can store the oil by buying the May and selling June.

That assumes there's storage space and that the June contract will stay above zero by June. There's no guarantee for that.

 

[schizo]

Brain teaser: Just how the f*ck can you settle a negative price? Am I being paid by the broker now that I'm holding at -35?

 

[schizo]

That assumes there storage space and that the June contract will stay above zero by June. There's no guarantee for that.

That't the whole point. If there were storage, we wouldn't be seeing this anomaly in the first place.

But heck, if you were bold, I guess you could store it in your backyard.

 

[Picaso]

Lottery time one minute ahead, place your bets!

 

[NQurious]

3:50 spike up or down today?

 

[trdes]

Lottery time one minute ahead, place your bets!

shorting near EOD hasn't worked very well lately, so I'll bet long

EDIT: Wrong bet

 

[Picaso]

ss 24

Edit: Stop to BE

Stop to green

Damn, didn't get my target by one tick (in the chart)

Edit: out at 2814 ish
+9.50

 

[NQurious]

Brain teaser: Just how the f*ck can you settle a negative price? Am I being paid by the broker now that I'm holding at -35?

It will settle as it always does - the difference between you entry and the settle price.

 

[trading_jean]

If I am not mistaken you buy it without delivery to your location, so even if you have a big storage area you also need the equipment to get it there. That probably explains the large negative price.

I can imagine a lot of private traders bought close to 0 because it was 'risk-free'. Quite sure many people will not sleep tonight.