Interesting that the article claims Monday's drop didn't take them by surprise. My understanding of the fund's premise is that they make a small bet everyday th

Interesting that the article claims Monday's drop didn't take them by surprise. My understanding of the fund's premise is that they make a small bet everyday that today will be an abnormally large drop - most days they lose, but every now and then they have a big win that more than covers all that bleeding. In other words, they were probably just as surprised about Monday and wouldn't have minded if it was Friday or Tuesday.