Oddbean new post about login | logout This does not have to be some wild speculator; in fact I bet 90% of these are not. Market makers hedge their positions in order to lock in profits . There is probably an offsetting position that netted like $5M. A lot of days I'll be up 50k in one contract and down 49k in another.
True. Agreed. But you have to very skilled to play that middle game long term successfully. Very skilled.
That's why we build code that does it for us.
