Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
-
Trader could lose more than $500 million on a single position if S&P 500 tumbles
If the S&P 500 drops below 2,100 by the end of next year, one Wall Street punter will face a costly — and now, high-profile — reckoning. According to Trade Alert data cited by Reuters, an anonymous trader made waves in the options market on Monday by selling 19,000 put options on the S&P 500 SPX, +1.07% , which obligates him or her to buy the market benchmark if it drops 22% by December 18, 2020. Sounds like a pretty big pullback, right? Keep in mind that the S&P closed 2018 almost 20% off its record high in September. Things change fast these days. So, bottom line, should stocks emerge from all this government ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jan 15, 2019 7:10pm Jan 15, 2019 7:10pm
- FXCyborg
- | Membership Revoked | Joined Nov 2014 | 59 Comments
- Comment #2
- Quote
- Jan 15, 2019 7:13pm Jan 15, 2019 7:13pm
- Lamplighter
- | Joined Sep 2017 | Status: Member | 1006 Comments
- Comment #3
- Quote
- Jan 15, 2019 8:01pm Jan 15, 2019 8:01pm
- Guest
- | IP XX.XXX.101.138
- Comment #4
- Quote
- Jan 16, 2019 5:44am Jan 16, 2019 5:44am
- Guest
- | IP XX.XXX.226.110