1/3. Super high strike Brent and WTI call spreads are trading. Cue angry comments about how they're a stupid idea and won't make money. bloomberg.com/news/articles/… via @markets #OOTT
2/3 Earlier this year similarly wild (at the time) $99/$100 call spreads traded for Dec. 2022. They cost 1c each. At current values they're trading at 18c. One day 13k lots traded, costing $130,000. Those would now be worth $2.34 million (very roughly). #OOTT
3/3 So really, rally keeps going and you time it right, you don't just make money, you make quite a lot of money. All of which, most, if not all of you know. But it's worth reiterating the point. #OOTT
• • •
Missing some Tweet in this thread? You can try to
force a refresh
