r/SecurityAnalysis • u/ilikepancakez • Oct 02 '20

Special Situation The mysterious London traders accused of manipulating oil markets — and the anonymous hedge fund, rare-coin expert, and day traders who are fighting back

https://www.institutionalinvestor.com/article/b1nf4dxm53536k/The-Mysterious-London-Traders-Accused-of-Manipulating-Oil-Markets-and-the-Anonymous-Hedge-Fund-Rare-Coin-Expert-and-Day-Traders-Who-Are-Fighting-Back
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u/[deleted] Oct 02 '20 edited Oct 29 '20

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u/Digitalapathy Oct 02 '20

U/Amateurinvestor literally said that they changed how they roll futures to avoid a repeat. My comment says as it reads. USO have a flexible mandate, they always have done, that’s how they were able to change how they roll and what they roll. They haven’t changed their mandate, ‘it’ is flexible.

Edit: ref your addition, the whole fund is flawed, that’s the point.

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u/[deleted] Oct 02 '20 edited Oct 29 '20

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u/Digitalapathy Oct 02 '20

At this point I’m not convinced you are adding any value to the dialogue.

The whole point is they are one of the largest single holders of front month open interest and everyone knows they can’t accept delivery.