From Staff Reports
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) yesterday (Thursday), the show's executive producer turned to Money Morning to get to the bottom of the story.
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 article author Keith Fitz-Gerald and then reported their findings on last night's 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.
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. - 'Air America Radio.'