Author Topic: Mystery Trader "50 Cent" Lost $89 Million since January  (Read 1247 times)

Vindicated

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Mystery Trader "50 Cent" Lost $89 Million since January
« on: April 20, 2017, 12:57:21 PM »
http://www.businessinsider.com/mystery-trader-50-cent-cant-stop-betting-on-a-stock-market-shock-2017-4?utm_content=bufferf1cd6&utm_medium=social&utm_source=linkedin.com&utm_campaign=buffer

Wow... Is this a case of "Bet $30mil, that lost, but this next $30mil has got to hit!  That expired too, but the hedge is DUE now!"
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TheAnonOne

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Re: Mystery Trader "50 Cent" Lost $89 Million since January
« Reply #1 on: April 20, 2017, 01:48:39 PM »
I am more confused on where they are looking to see this. Clearly, it isn't the actual artist 50c.

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Vindicated

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Re: Mystery Trader "50 Cent" Lost $89 Million since January
« Reply #2 on: April 20, 2017, 01:56:46 PM »
Yeah, it's surely not the real 50 cent.

It seems, from the article, that Marco Risk Advisors can see what individual traders are buying/selling.  No idea how that works.
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gredenko

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Re: Mystery Trader "50 Cent" Lost $89 Million since January
« Reply #3 on: April 25, 2017, 10:15:38 AM »
I'll never understand how these guys get to manage millions of dollars when they make such amateur mistakes.

Bobberth

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Re: Mystery Trader "50 Cent" Lost $89 Million since January
« Reply #4 on: April 25, 2017, 10:44:22 AM »
It's hard to say with options. It could be an actual call on the VIX rising or, since the VIX rises when stocks drop, it could be a hedging activity. Maybe they're sitting back enjoying their stock market gains that were lowered by the cost of the hedge but was captured while remaining market neutral?