Except that if the price keeps going down then what was a "cost saving" today will not seem like much of a cost saving tomorrow. But it's rubber. So it's gonna bounce, right?
"I seem to give off a banker vibe. My relatives definitely think I'm a bank with lenient loan policies!" Come to papa!
Lol..It still does not make any sense as a trade. How many times can you go from a 'measly' 180 contracts to a whopping all in 2500 and get away with it?
depends on how much you control, with few hundred million it's nothing really. it's one thing to be a little speed boat "daytrading" it's another to be the queen mary "hedge fund". anyway, i posted the trades all in advance for anyone, i seen these stupid moves a lot in 40 years. i was long 911 and got out of it, so this was nothing.
Sure enough. But it is really not a question of AUM. The trade was more than 1000 points (5%?) down on an index at some point. Sometimes in the past, these moves have taken longer than a day to recover. It was a bad trade by all measures. Anyway. Well done to you. Merry Xmas.
I am. With the exception of me, most of the posters are elite and rich, especially the pros among us.