Hot answers tagged

89

Sure you can make money from this. Just get paid to take barrels of crude oil from a producer, take them home, and sell them to someone once the price increases. Problem is: Do you know the laws and regulations for transporting and storing crude oil? Would an oil producer just pay you, an individual, to haul off crude oil in their pickup? I doubt it. They ...


37

You've got two or three factors jacking up the price from what you'd pay for peanut butter in the US, which is probably where most of those cheap meal suggestions come from. First, Skippy is a highly-advertised brand name, so you if you buy it, you are paying for all the advertising. Second, it's probably not made in Sweden but imported from the US, so you ...


31

The way to make money off of this would be to buy the futures contracts that are negative then hope that it goes back positive (or at least less negative) before they expire tomorrow. There's no practical way for a retail investor to take delivery of the oil, so the only option is to sell the contract before it expires.


30

There is nothing really unique to oil here. There are many other things which have a "negative price", and they have it always, not just temporarily like in the case of oil. Waste (especially dangerous chemical or nuclear waste) is one of the most obvious examples. People will literally pay a lot of money (much more money than the current negative oil price) ...


22

You careened out of your way to pick a bad product on several levels. It’s an American name and taste. Its target market is American expats and others with strong desire for the American “taste”, and so it commands a premium price. USA Skippy substitutes cheap oils for the peanut oil, uses HFCS instead of sugar, and uses GMO strains not yet certified in ...


15

The price for physical barrels filled with crude oil isn't actually negative right now in most regions of the world. If you need a barrel of oil for your petroleum refinery, then you will at least have to pay for someone to deliver it to you. What's negative is the price for futures contacts for oil. What's a futures contract on a natural resource, you ...


7

I got some peanut butter recently and it was not nearly this expensive, so I took at look at what Walmart had. I found what looks like the exact sort you got for 2.36 USD: https://www.walmart.com/ip/Skippy-Creamy-Peanut-Butter-12-oz-Jar/191560633 You can find this brand cheaper by weight if you get larger jars or packs with more at a time. I would say 3.7 ...


7

Free WTI oil is available if the buyer has oil storage. Quantities available are in increments of 500 barrels. But the sale ends tomorrow. Now stored oil has significant value.


7

I found this puzzling also at first. But after reviewing many past successful and unsuccessful ebay auctions, I came to this conclusion: Keeping the reserve price a secret is all about the psychology of people. Many people are hesitant to be the first bidder. But, if they can bid very low, they are more likely to bid. Some are afraid that they will be a ...


7

It's always helpful to cite the sources you're looking at. When you're talking about inflation, the government publishes tons of statistics that you can rely on. There are also plenty of less reliable sites, though, either have bad data, are highlighting exceptional issues (i.e. some random commodity has seen huge price increases), or are comparing many ...


6

At a high level, the market (buyers and sellers) determine the price, not some mythical "calculator". How that is determined is that buyers and sellers come together and agree on a price to transact at. The exchange takes care of all of this - there is no human-to-human interaction in exchange trades. For most stocks, there are many buyers and many sellers. ...


6

There are very large companies that do this every day at high volume. Their processes are extremely efficient, and the price of oil will raise or lower to exactly the right price for these very large companies to continue to do it efficiently while still making a profit. So really this question boils down to whether it's possible for a layman to perform the ...


6

Others have established that peanut butter is in fact less expensive in the US than in Sweden, and that is the question you explicitly asked. However, the context for your question was advice for eating cheaply. In order for peanut butter to be good advice in the US but not Sweden, the price of peanut butter relative to what it replaces would have to be less ...


5

The (somewhat) realistic way to make money from this would be to own, or have the ability to construct before the end of May, regulation-compliant oil storage space in Cushing, Oklahoma. Or in places connected to Cushing via pipeline (there are several big pipelines converging in Cushing), though in that cases you'd also need to pay for capacity in the ...


4

Google tells me that 340g of peanut butter has eactly 2,000 calories. At 3.7 USD, this would be 540 calories per $. As a comparison, for a 15.5 oz can of beans, there is about 682 calories. Per this Swedish grocery store website, it looks like you can get a can like this for between 8kr-12kr, (https://www.coop.se/globalt-sok/?query=b%C3%B6nor), which is ...


3

Most exchanges have rules that allow trades to be price adjusted or busted under certain but narrow circumstances. Often these are categorized as obvious errors or clearly erroneous, or catastrophic errors. The exchange rulebook sets out the procedure and criteria. For example on NASDAQ (Equities) the process is set out in their Rulebook under Rule ...


3

Basically no. You have to have the ability to store significant amounts of oil and be able to take delivery immediately. Do you happen to have an empty oil tanker in the Gulf of Mexico? No? Well, you are out of luck then. This is very short-term and limited in scope phenomenon - it won't propagate along the delivery chain, you won't be seeing any gas ...


3

The stock market is an auction with buyers and sellers looking to acquire different amounts of stock at any given moment in time. If there is a net excess of buying volume, price rises. If there is a net excess of selling volume, price declines. When buying and selling is in equilibrium, price does not change. It's simply a tug of war between supply ...


3

Yes, but you'd need a lot more than 1 share to do a pump and dump Practically systems like National Best Bid and Offer (NBBO) stop one-off things like this from happening. Theoretically, selling a few shares at say 10% of their value would do absolutely nothing to the market because the buyer would just turn around and sell it again at a fair-market price, ...


3

I doubt that there are millions of derivatives tied to an index fund. Perhaps tens of thousands in something like the SPY. Even so, that's a separate issue. All options must update as their underlying price changes. The market and its derivatives is an intertwined being. Market makers and professional traders are constantly evaluating derivative prices ...


2

A proper appraisal is not usually done by a realtor, but realtors should know their markets and how to research. Apartments/condos/townhouses are usually much easier to price than single-family houses because there are many comparable units in a relatively small area that can be used to get a good ballpark estimate. Starting with the comparable units you ...


2

This is just basic economics. There are three factors at work: supply & demand, cost of production, and inflation. So let's apply those to gasoline. Supply & demand is basic to economics. 30 years ago, there was less demand for oil. The developed world (places that had lots of cars 30 years ago) had fewer peopple - 245 million in the US, vs ...


2

$3.70 for an 11.9 oz jar is expensive. Where I live in the USA, a 16 oz jar costs a bit under $3.00 For most of my life I didn't care much for peanut butter. Then about 8 years ago a switch flipped and now, honey roasted creamy peanut butter is one of my biggest food vices. I like it in my protein shakes, on top of a protein bar, even straight up. The ...


1

My broker allows me to set limits on price and size and I have chosen to do so. If I place a BTO or STO order for more than 1,000 shares (long or short) or more than 10 option contracts (long or short), it opens a pop up screen which requires me to click a button that says Override And Send. This does not occur if I'm closing an existing position that is ...


1

At a bulk store such as Costco 2x 48oz (total 2.72kg) Jif or Skippy cheap brands cost about USD 10 so about 37 cents/100g, less on sale. No particular difference in price for creamy vs chunky. Your price is 1.09/100g, so about 3x in nominal terms. Comparing the Big Mac Index, seems it is also similarly expensive in purchasing power terms. That said, I don’t ...


1

In the USA, National Best Bid and Offer (NBBO) is the SEC rule that requires brokers to guarantee that customers receive the best ask price when they buy securities and the best bid price when they sell securities. Therefore, your order would get filled at the lowest ask price which is $100, assuming that $100 is the ask price. Only orders with price ...


1

In an illiquid market, the market maker sets the prices. His computerized programs will automatically adjust the options price when the underlying changes enough to warrant a change in the price of the option (delta of option times the underlying's price change). In a liquid market where market participants are the market, there are various types of ...


1

A good library will subscribe to databases that you can access online by logging in with your library card number. One such database is the ProQuest Historical Newspapers: The Wall Street Journal‎ (1889 - 2002) database, which will allow you to search and read the entire issue for the dates in question. In your case, January 8, 1983, was a Saturday, so ...


1

Make sure that the data that you are looking at is for the close of regular trading hours. Some data providers will also include after hours quotes and they are usually different. FWIW, I have two brokerage accounts open in real time and occasionally I see that Ameritrade takes a second or two to update and catch up to my primary account.


1

Here are the factors influencing the NAV of an ETF: The initial NAV when the fund was created. If Fund A was created with an initial NAV of $10 and Fund B was created with an initial NAV of $20, and the funds are otherwise identical, then Fund B will continue to have an NAV twice that of Fund A. Returns on investment. As the assets in a fund yield positive ...


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