Martin Schwartz talks about losing $25m Feb 2018

[ZBZB]

Listen to the IG markets podcast.

https://open.spotify.com/episode/3TFfGHoWfiv9g5LOAuHyot?si=-xa_F_CcTyWs0BroChxmUQ

Short 14,000 options.

 

[nooby_mcnoob]

I love this guy. Seat of his pants.

 

[nooby_mcnoob]

Also very pissed I can't find this podcast off spotify (at least on Google play)

 

[ZBZB]

Also very pissed I can't find this podcast off spotify (at least on Google play)

Have you got the Spotify app?

 

[nooby_mcnoob]

Have you got the Spotify app?

Listening online anyway, but needed to sign up.

 

[SteveM]

Thanks so much for posting, ZBZB.

Marty Schwartz is my all-time favorite trader. This is the first I have heard him speak publicly since 2013. At 74 years old, I wish he would give more public interviews. The guy is the Wayne Gretzky of trading as far as I am concerned (in terms of self-made retail traders).

 

[jordi742]

So, he short 14k put options but he didn't say if it was in crude oil market or the s&p.

Why options and not futures?

 

[destriero]

So the BS in Pit Bull about his tape reading, etc. and the fool was simply shorting naked calls.

 

[ZBZB]

So the BS in Pit Bull about his tape reading, etc. and the fool was simply shorting naked calls.

He changed strategies when he moved to Florida.

 

[ZBZB]

So, he short 14k put options but he didn't say if it was in crude oil market or the s&p.

Why options and not futures?

It was Feb 2018 when vol exploded in stock indexes.