ES Journal - 2019/2020

CLK20: $-35 (-292%)

Wow!!

 

That assumes there's storage space and that the June contract will stay above zero by June. There's no guarantee for that.

 

Brain teaser: Just how the f*ck can you settle a negative price? Am I being paid by the broker now that I'm holding at -35?

 

That't the whole point. If there were storage, we wouldn't be seeing this anomaly in the first place.

But heck, if you were bold, I guess you could store it in your backyard.

 

Lottery time one minute ahead, place your bets!

 

3:50 spike up or down today?

 

shorting near EOD hasn't worked very well lately, so I'll bet long

EDIT: Wrong bet

 

ss 24

Edit: Stop to BE

Stop to green

Damn, didn't get my target by one tick (in the chart)

Edit: out at 2814 ish
+9.50

 

It will settle as it always does - the difference between you entry and the settle price.

 

If I am not mistaken you buy it without delivery to your location, so even if you have a big storage area you also need the equipment to get it there. That probably explains the large negative price.

I can imagine a lot of private traders bought close to 0 because it was 'risk-free'. Quite sure many people will not sleep tonight.