I think a lot or most brokers would close position at or near 0. They won't let an instrument run negative like that on expiration as the volume and endless amount of risk on their side.
ES Journal - 2019/2020
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I think a lot or most brokers would close position at or near 0. They won't let an instrument run negative like that on expiration as the volume and endless amount of risk on their side.
Damn solid floor being built in CL 
On a serious note: I hope B1S2 did not have a position at all or only a small one like I assume with all his calls. Otherwise it will hurt him big.
On a serious note: I hope B1S2 did not have a position at all or only a small one like I assume with all his calls. Otherwise it will hurt him big.
No, only when airtraffic picks up again we will feel the difference. Normally there are between 10,000 and 15,000 planes in the air at any moment of the day. I made a very rough calculation and air traffic needs in the area of 20 million barrels a day. World oil production is in the range of 80 million barrels a day. The 20 million barrels a day demand went down to below 5 million barrels a day. So demand is down 15 millions barrels on a total of 80 million. That's close to 20% less demand.
Damn solid floor being built in CL
Who knew this floor came with elevators ... oops .... looks like the cable snapped
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