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I don’t really understand why the traders would end up owing money. If they thought they were paying 0,01 $/bbl but we’re actually “paying” -37 $/bbl wouldn’t I
by tester89 6y ago
I don’t really understand why the traders would end up owing money. If they thought they were paying 0,01 $/bbl but we’re actually “paying” -37 $/bbl wouldn’t IB owe them?
- Stierlitz 6y ago@tester89 > I don’t really understand why the traders would end up owing money. If they thought they were paying 0,01 $/bbl but we’re actually “paying” -37 $/bbl wouldn’t IB owe them? My thoughts precicely, is there anyone on here that could explain the intricacies of these kind of trades?
- em-bee 6y agoi understood that he bought at -3.7, and then it dropped further to -37.
- tedunangst 6y agoHe sold it (or IB did so on his behalf at end of day) at -$37.