RE:I Say BOOYAH To All You Traders Who Sold NEGATIVE WTI May ..Yeah, only a complete MORON pays $40 (or $30 or $20, or $10, or $5, or $1 ...). They lost everything at the close (as expected). The "theory" of paying some to take your product away doesn't work in practice. But that is what happens when greedy people program (unthinking) machines.
Eigen337 wrote: ...Futures contracts !!!
I would say about 20K+ contracts ???
Does NYNEX give out a CONSOLATION prize to the WORST traders on record ??????????
This is my opinion only.
Eigen337