Wednesday 24 May 2017

The mysterious trader "50 cent" made $27 million profit for a day from VIX (2)

The broad S&P 500, on Wednesday, noted its biggest daily decline since September 9, largely due to political uncertainty.
Despite the big profit on Wednesday, "50 cent" is still far from profits, overall, given the fact that his bets on increasing volatility in recent months have not been justified and have brought him substantial losses.
Experts estimate, after the profit of 27 million dollars on Wednesday, the trader still has about 90 million loss.
Recently, The Financial Times identified the trader as the London-based investment manager Ruffer LLP, referring to unnamed bankers.



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