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Despite Mounting Losses, Mystery Trader "50 Cent" Doubles Down With Massive VIX Spike Bet

Despite Mounting Losses, Mystery Trader "50 Cent" Doubles Down With Massive VIX Spike Bet

Three weeks ago we introduced the real "50 Cent" - the mystery trader whose pattern of huge, near-daily trades on the VIX is turning heads in the options market.

Not him..

 

As we detailed previously, Pravit Chintawongvanich, head of risk strategy at Macro Risk Advisors,  the huge options buyer known as "50 Cent" shows no signs of slowing down.

IMF Drops Pledge To "Resist All Forms Of Protectionism"

IMF Drops Pledge To "Resist All Forms Of Protectionism"

One month after a startling reversion by the G-20 finance ministers and central bankers, who during their latest meeting in Baden-Baden dropped a decade-long tradition of rejecting protectionism and endorsing free trade, pressured by Trump's delegate Steven Mnuchin, the IMF has done the same, and according to a communique from the IMF’s steering committee released on Saturday in Washington echoed the G-20 reversal, and said that officials “are working to strengthen the contribution of trade to our economies" while omitting a call from its last statement in October to “resist all for

The Last Time This Happened, The Market Crashed

The Last Time This Happened, The Market Crashed

Authored by Simon Black via SovereignMan.com,

A few days ago Charles Schwab, the investment brokerage firm, announced that the number of new brokerage accounts soared 44% during the first quarter of 2017.

More specifically, Schwab stated that individual investors are opening up stock trading accounts at the fastest pace the company has seen in 17 years.

17 years.

Anyone remember what happened 17 years ago?

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