Crazy day…those that are trading either making a killing or getting seriously burnt.
NVDA all over the place but finally getting the love it deserves… well, for now anyway.
"Crazy day…those that are trading either making a killing or getting seriously burnt.
NVDA all over the place but finally getting the love it deserves… well, for now anyway."
FWIW last night Cramer said in a good market NVDA’s numbers would be worth $50 upside. I’ll take half that.
Rob
… and those of us selling options premium are loving the two-way action…
welcome back volatility…
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Yeh, I saw that…he even named his dog after them.
Crazy day…those that are trading either making a killing or getting seriously burnt.
You don’t say?
Making millions from chaos: the fund cashing in on the stock market collapse
https://www.theguardian.com/business/2018/feb/09/how-artemis…
Stock markets gyrated wildly this week, and a lot of people lost a lot of money. But Chris Cole, a 38-year-old hedge fund manager from Texas, wasn’t one of them. He made millions from his fund’s bet on a financial apocalypse.
From his office overlooking the Colorado river in Austin, Texas, Cole runs Artemis Capital, a hedge fund that, since 2012, has been betting on a repeat of the 1987 Black Monday stock market crash.
Cole’s Artemis Vega fund, which he started with $1m and has now attracted nearly $350m of investors’ cash, is designed to “generate opportunity from chaos” – and he believes there is far more chaos coming.
His bets paid off this week as global stock markets collapsed, rallied and then fell again. Artemis is designed to benefit from such periods of turmoil and volatility. Market volatility, measured by the Chicago Board Options Exchange (CBOE) Volatility index known as Vix or the “fear index”, spiked 84% on Monday – the biggest one-day increase since the 1990s. It hit 50 on Tuesday and was around 30 on Friday, far higher than it has been for the last two years when it only poked above 15 a couple of times.
Continued…
Dominic
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From his office overlooking the Colorado river in Austin, Texas, Cole runs Artemis Capital, a hedge fund that, since 2012, has been betting on a repeat of the 1987 Black Monday stock market crash.
I am just wondering how he can overlook the Colorado River from Austin, TX?
Kevin
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I am just wondering how he can overlook the Colorado River from Austin, TX?
I guess it is a very small river and easily overlooked. 
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I certainly overlooked it!
Not sure if you are kidding or serious, but just to be clear the Colorado river of Texas flows out of the Llano Estacado southeast across Texas right through Austin and empties into Madagorda Bay. Years ago when I lived in Texas I had a friend with a cabin outside Smithville Tx, right on the river Colorado.
Mike
I am just wondering how he can overlook the Colorado River from Austin, TX?
Wikipedia has the answer
Downtown Austin is the central business district of Austin, Texas. Downtown is located on the north bank of the Colorado River. The approximate borders of Downtown include Lamar Boulevard to the west, Martin Luther King, Jr. Boulevard and the University of Texas at Austin to the north, Interstate 35 to the east, and Lady Bird Lake to the south.[1][2]
https://en.wikipedia.org/wiki/Downtown_Austin
Denny Schlesinger
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There is more than one Colorado river
https://en.wikipedia.org/wiki/Colorado_River_(disambiguation…
Colorado means colored in Spanish, most often “colored red.”
Denny Schlesinger
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