Replies to post #21925 on The Rising Influence of Rising Affluence

[semi_infinite]

Around 13K contracts traded below zero. Sanity returned after regular US trading closed currently trading at positive $1.17. CME market makers made out like bandits on margin calls. US should fill SPR salt caverns to the brim.

This would not have been possible had they stayed with Black-Scholes.

[BottomBounce]

$NIO ES6 Launch Video https://vimeo.com/306462630

[DewDiligence]

Re: Oil-futures traders

I won’t be surprised if there were a few window jumpers because of what happened today [i.e. Apr 20].

I think you meant that literally.

Q: Had a futures contract to receive delivery of any physical commodity ever traded at <$0, prior to yesterday?

[DewDiligence]

Factoid—11%* of world’s supertankers now used for storage rather than transport, according to Saudi Arabia:

https://www.wsj.com/articles/saudi-oil-stranded-in-supertankers-as-backlog-piles-up-11587478831

*80/750.