Mark Cuban reveals what he's been buying in the wild coronavirus stock market swings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Mark Cuban says he’s been “dipping his toes” into the market during its recent stretch of coronavirus-driven volatility.

, and that he's sold some of his put and call options because "the premiums are just incredible. It's stunning the premiums that are in place right now."

Cuban said he thought the market had settled into a trading range of up 5% one day to down 5% the next. "I'm not quite sure why," he added. "It felt like for a while we had active management doing all the work and trying to figure things out and now over the last three days it feels like we're starting to get more algorithmic trading coming into the market," Cuban said.The "Shark Tank" investor's comments come as U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mark Cuban says bailed out companies should never be allowed to buy back their stocks ever again'Not now. Not a year from now. Not 20 years from now. Not ever,' the billionaire investor told CNBC on Wednesday. Several of these companies that are buying back diluted their stocks to create money to get through the last big downturn and it would only be fair that they be allowed to buy back their shares issued during that time. He has no idea what he is talking about. Hes a tech geek who got lucky with internet, no understanding of economy. I think that is what NorthmanTrader also wrote about ...
Source: CNBC - 🏆 12. / 72 Read more »

Here Are 20 Stocks To Buy In The ‘Coronavirus Economy,’ According To Market ExpertsThere are still good investment deals to be had in a bear market, even as coronavirus fears continue to take a toll on investors. skleb1234 how many of these 'market experts' have pandemic survival experience? skleb1234 introBRUCEme
Source: Forbes - 🏆 394. / 53 Read more »