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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), Keith Fitz-Gerald about this findings and his thoughts on the trade on a program on Friday.then interviewed article author
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.