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A comment on London traders hit $500M jackpot when oil went negative. Parent comment

Re:London traders hit $500M jackpot when oil went negative by FabHK on Tuesday August 04, 2020 @09:41PM (#24056454)
There is positive supply of oil, or Tesla shares.

However, the net supply of derivatives (such as options, forwards, futures) is zero.

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Re:London traders hit $500M jackpot when oil went negative by vmception on Tuesday August 04, 2020 @09:51PM (#24056513)
> the net supply of derivatives (such as options, forwards, futures) is zero.

so we believe, but yes.

also CDOs have entered the chat

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Re:London traders hit $500M jackpot when oil went negative by refurb on Wednesday August 05, 2020 @01:21AM (#24057501)
But CDOs have to have someone on each side the deal, hence net zero.
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Re:London traders hit $500M jackpot when oil went negative by defen on Wednesday August 05, 2020 @02:11AM (#24057763)
Liquidity risk has entered the chat
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Re:London traders hit $500M jackpot when oil went negative by vmception on Wednesday August 05, 2020 @02:16AM (#24057791)
you mean the same person on all three sides of the deal, unbeknownst to them
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