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From Staff Reports
Over the past week, several radio broadcasters have cited Money Morning’s reporting on the $900 million ‘Mystery Trade,’ which continues to garner significant attention.
When ‘Air America Radio’s’ Radio’s popular new coast-to-coast program “Clout” was researching a story on the ‘Mystery Trade’ in Standard & Poor’s 500 Index options S&P 500 Index options (SPY) on Thursday, the show’s executive producer turned to Money Morning to get to the bottom of the story.
Early yesterday (Monday), bizradio.com then interviewed article author Keith Fitz-Gerald about this findings and his thoughts on the trade on a program on Friday.
The day before – recognizing that we were the first actual news organization to report the $900 million trade, which has caused an unprecedented buzz among professional securities traders, as well as across the Internet – ‘Air America’ spoke to Fitz-Gerald, and then reported their findings on the Thursday evening edition of “Clout.”
“Clout” Host Richard Greene noted that many Internet conspiracy theorists are referring to this as a “Doomsday Trade,” because the market has to drop by more than a third for the parties on one side of the trade to profit, Greene also noted that Fitz-Gerald told him that scenario was highly unlikely and that there were other, more realistic reasons for placing the options trade.
Fitz-Gerald made similar points during the ‘Truth Radio’ broadcast on Friday.
News and Related Story Links:
- Money Morning Investment Analysis: The $900 Million ‘Mystery Trade.’
- Money Morning Investment Analysis: This $900 Million Bet Has Global Traders Talking.
- Bizradio.com.
