Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Yep, understood.
The lead sentence in quotation marks was the author's misleading title.
I should have clarified that as you did. Thanks. The excerpt was my only interest.
The victims of low oil prices in connection with corona crisis. Here Lufthansa, which outsources 100 passenger aircraft to Arizona and Spain, where they are scrapped. These are the large passenger jets A340-600 from Airbus and Boeing 747-400. A319 planes are also being decommissioned by Lufthansa, because without demand the machines no longer have any value. Those machines could be taken over for free. Six A380s go back to the manufacturer Airbus. In addition, 10000 jobs will be cut with immediate effect. Nevertheless, the group still makes a loss of 1 million euros: every hour!
Those that can see/trade the negatives trikes on CME or ICE, I would love to hear what platform/broker you are using. IBKR says they will not support $0 or negative strikes (this whole debacle has really exposed them as the clown show they are).
I know this is too late for those caught long CL may in TWS, but I did notice the contract stop printing when it went negative, but I also saw the native calendar spreads, as well as native inter-commodity spreads (RB.CL may) were still quoting. So I am curious if it was possible to say put on a spread trade to close the CL may contract, then put on a closing trade for the second leg.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,208
You being an energy guy know that there's lots of energy products that trade negative, especially Gas Basis. So any platform with access to ICE S2F is almost guaranteed to offer it.
