On Saturday, news broke that OPEC+ would soon consider a production cut of over 1 million barrels per day. Though it isn’t their first production cut in 2022, it’s their most substantial by far.
Shares of Credit Suisse tanked more than 10% in European trading amid rumors that the bank was teetering on the brink of default.
On Friday, one writer suggested that traders “could” sell short straddles (a naked call and a naked put) against Apple to “take a bite” out of volatility. Our advice: Do not do this. Don’t take our word for it — Ask Melvin Capital why you shouldn’t take on infinite risk trading strategies.
Market Rebels from across the nation descended upon Dallas, TX for a LIVE-trading experience unlike anything the world of finance has ever seen. RebelCon 2022