I wanted to share this here for fun.
This evening I bought the $3BRS (+2,83%) at 0.06€ when it was at -70%, even though it was at $BRNT (-0,79%) was at 100$ and +7%. So I figured that the x3 short should really only be at about -21%. So I assumed it was an arbitrage trade. 🤷♂️
In the end, the oil price fell further today and the short went into positive territory. Maybe it will rise further tomorrow, but for me 200% in 5 hours is more than enough. Before greed eats the mind, I sold. 🥂
