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Stocks Slide After Catalyst Confirms It Was Behind The Market Ramp

Thursday, February 16, 2017 16:44
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(Before It's News)

zerohedge.com / by Tyler Durden / Feb 16, 2017 11:12 AM

Confirming what we detailed previously, the levered option fund ‘Catalyst’ CEO just announced that their forced-buying has concluded.

In a statement issued to CNBC’s David Faber, Catalyst Fund’s CEO admitted that it had a number of short call options for Feb S&P500 expiration this week but that it no longer has kind of position “at this time”, adding that it had taken action “to buy back options, though wasn’t forced to sell” which caused some losses to the fund and has had some drawdowns, though not under duress “or anything like that” currently and its positions are “pretty neutral.”

Per the Catalyst statement provided to CNBC:

… we no longer have that type of short position at this time. Consistent with our overall risk management strategy we have some draw-downs where we decided to take action and we are pretty neutral with our positions at this point.  

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The post Stocks Slide After Catalyst Confirms It Was Behind The Market Ramp appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/02/16/stocks-slide-after-catalyst-confirms-it-was-behind-the-market-ramp/

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