Mystery Trader "50 Cent" Lost $89 Million since January

[Vindicated]

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!"

[TheAnonOne]

I am more confused on where they are looking to see this. Clearly, it isn't the actual artist 50c.

Sent from my SM-G935T using Tapatalk

[Vindicated]

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.

[gredenko]

I'll never understand how these guys get to manage millions of dollars when they make such amateur mistakes.

[Bobberth]

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?