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> they found out the hard way that futures meant they were legally obligated to take delivery of real oil and store it Sometimes, even average(ly stupid) peopl
by embedding-shape 7mo ago
> they found out the hard way that futures meant they were legally obligated to take delivery of real oil and store it
Sometimes, even average(ly stupid) people end up discovering this too:
r/wallstreetbets - 7d ago - Anyone know how I can cancel this? I dont want it - https://old.reddit.com/r/wallstreetbets/comments/1siq4m2/anyone_know_how_i_can_cancel_this_i_dont_want_it/ https://old.reddit.com/r/wallstreetbets/comments/1siq4m2/any...
- throwup238 7mo agoI think it’s fake. Brokers don’t allow retail investors to keep those contracts anymore unless they come with a warrant (i.e. precious metals stored in some COMEX vault). They will auto-liquidate positions well before first notice day unless you’ve already got documentation for a slot at Cushing.