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A comment on The Essex Boys: how nine traders hit a gusher with negative oil. Parent comment

Re:The Essex Boys: how nine traders hit a gusher with negati... by kasey_junk on Saturday December 19, 2020 @06:59PM (#25482505)
The interesting part of this trade is that their TAS trade was “in the money” at the same time their long positions were.

That’s not supposed to happen. Your hedge should cost you profit but because of oil going negative both sides of their trade were profitable.

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