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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 eaenki on Sunday December 20, 2020 @05:47PM (#25490322)
Please tell me if I’m correct:

1. Sell futures contract At $15 (bearish position)

2. Buy futures at TSA when it’s negative - an equal amount to the ones u sold- to cover the futures you initially sold

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Re:The Essex Boys: how nine traders hit a gusher with negati... by xyzzyz on Sunday December 20, 2020 @10:35PM (#25491904)
Yup. When the price at the end of the day is negative, you get money both when you originally sell, and also when you later buy.
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