Question about ES statement

General
1

Hi,
For 1 day, 99% ES, $2mil, is the statement at time -1.20 saying “implies that only 1% of the time, a single day loss would be more than 2million” correct? Or should it be “implies that only 1% of the time, a single day loss would be less than 2million”?

Course Name: Options Trading Strategies In Python: Advanced, Section No: 5, Unit No: 13, Unit type: Video

2

Hi,

Your first assumption is correct, where it mentions that only 1% of the time, a single day loss would be more than 2million”.

Hope this helps.