Hello friends, my name is Jack Raines. I will be writing on Alpha’s platform once a week. I also write a newsletter, Young Money, where I cover all things investing, finance, and careers. You can check it out here. Hope you guys enjoy today’s piece!
What a great article!!! will be reading it over the years over and over again !!!
As a day trader of Futures contracts I remember that day and being amazed it could even happen. Thanks for writing the story behind what happened that day.
Nice article on the inner workings of this trade!
Ive often wondered how crude went negative. Thanks for the great explanation.
Question: tell me how many K20 CL futures contracts did Chinese retail ETP carry into session on 4/20 ? And how did its respective clearing bank/FCM not already closed out this Spec class position ? USO fund et al ,by comparison, had liquidated/rolled the prior week as per CME regs.