The issue with Leopold's 13F is NOT that it's a bad idea to copy paste his trades! The issue is that you literally don't know his current positions and macro view. He could be long the exact companies he bought puts for today. You have no idea if he bought those puts, because he wanted to hedge against Iran volatility or because he bearish on valuations, etc. Best not to speculate on such things.

CFTC Issues No-Action Relief for Event Contracts CFTC issued no-action relief for fully collateralized event contracts, exempting DCMs, DCOs and market participants from certain swap recordkeeping and reporting requirements. The agency also introduced a streamlined process for future applicants related to event contracts.

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