*He* sells $1B OTC R/R

Quote from atticus:

A $30/$50 risk-reversal against his holdings, 6mo duration is what I am hearing. $1B notional.

Not unreasonable.
Cuban saved himself all his money by doing the same thing.
 
Quote from atticus:

A $30/$50 risk-reversal against his holdings, 6mo duration is what I am hearing. $1B notional.
Wonder what the IV is on the OTC market.
 
Quote from babutime:

Who is he?

Hthwatoo.jpg
 
Quote from babutime:

Dimon?
Dimon wishes he had $1B notional to worry about...

Think someone with lots and lots of money (multiple of billions), who might be a little concerned about events over the last few days.
 
Quote from heech:

Dimon wishes he had $1B notional to worry about...

Think someone with lots and lots of money (multiple of billions), who might be a little concerned about events over the last few days.

Buffett?

Well kingy asked me to look at the stock price... and the only thing around $30 with significant chatter is JPM... hence my guess Dimon...

Wow this conversation really sieves out the professionals from the amateurs...

:p
 
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