Martin Schwartz talks about losing $25m Feb 2018

Listen to the IG markets podcast.

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

Short 14,000 options.

 

I love this guy. Seat of his pants.

 

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

 

Have you got the Spotify app?

 

Listening online anyway, but needed to sign up.

 

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).

 

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?

 

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.

 

It was Feb 2018 when vol exploded in stock indexes.