You Will Not BELIEVE How Much Money The Jeff Gundlach Trade Has Made In Just A Few Weeks

jeff gundlach doublelineJeffrey Gundlach

Photo: CNBC

We’ve been talking a lot about the ‘Jeff Gundlach Trade’, which is the idea from mutual fund manager Jeff Gundlach to go long natural gas/short Apple. Oh, and it’s leveraged.Here’s what we wrote after seeing him speak on April 26:

In his speech he presented his trade idea that he would pull if he were a 29-year old hedge fund manager wearing a garish pink shirt with thick grey stripes.

He writes: “If I were one of the nutty hedge fund guys, I would go short Apple, long natural gas, and leverage it 100x.”

This is pretty much the most contrarian trade imaginable.

We know that Apple has not done great since then, and that natural gas has done well as well. We even wrote about it today, that natural gas was outperforming Apple again.

But with that 100x leverage the trade has done really well.

Here’s what he said on his conference call this evening:

Long natural gas/short Apple is now up 2000% since he mentioned it on CNBC. 

“It’s been a heck of a trade even without Apple.”

2000x. NOT BAD!

Click here for full coverage of his presentation >

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