Investor pockets $13 million on one trade by betting big

[ETJ]

https://www.marketwatch.com/story/t...00-right-before-mondays-steep-drop-2019-12-04

 

[S2007S]

https://www.marketwatch.com/story/t...00-right-before-mondays-steep-drop-2019-12-04

A non news worthy article after reading that it was a hedge against a $5 billion dollar portfolio....next.


That’s likely the case here, with Schwartz explaining that the bearish bet was probably used to protect about $5 billion in assets against a pullback.

 

[trader99]

A non news worthy article after reading that it was a hedge against a $5 billion dollar portfolio....next.


That’s likely the case here, with Schwartz explaining that the bearish bet was probably used to protect about $5 billion in assets against a pullback.

that's like 26bps on a $5B fund. rofl. Not even half a percent gain.