Derivative Strategist Warns Of $150 Billion In Quant Selling Over The Next Three Days

Friday, June 24, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jun 24, 2016

“The bigger the down move today, the more they have to sell, which would basically create a vicious cycle,” Cheong, head of Americas equity derivatives strategy at UBS, said in a phone interview. “We’ll see front-loaded selling in the range of $100 billion to $150 billion over the next two to three days. It could be very similar to August in terms of model-based selling.”

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