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Extending this man a hug in this professionally devastating time and hoping his inner circle makes sure he stays afloat himself.

• mylons 8y ago
  i wouldn't necessarily wish this guy well. he basically ran his hedge fund in such a way that left his clients even more exposed to the risk of his poor decisions. not only did people lose money, they owe money.
• whatok 8y ago
  This guy deserves no sympathy. He gambled his client's money in an extremely irresponsible manner.
  • tomp 8y ago
    How do you know he “gambled in an extremely irresponsible manner”? Was he misrepresenting the risks he was taking in some way? The domain “optionsellers.com” suggests he was rather transparent...
    • JumpCrisscross 8y ago
      > How do you know he “gambled in an extremely irresponsible manner”? He got wiped out by a single delta. He was repeatedly taking leveraged bets, and ultimately losing strategy.
    • whatok 8y ago
      This person claims that they were an investor and put together a spreadsheet with several days of NG trades. What I see is someone being irresponsible. https://twitter.com/waklyn1/status/1064307589578579968 https://twitter.com/waklyn1/status/1064307589578579968
      • jhall1468 8y ago
        That looks like a well-informed investor understanding full-well that they were buying naked options and the enormous risks associated with that.
        • whatok 8y ago
          They were selling options; not buying them. Hard to blow up like that if you're buying options. Regardless of what the investor did or did not understand, my point stands; this guy was extremely reckless.
          • jhall1468 8y ago
            Whoops, that was an error rather than misunderstanding. Anybody selling naked options is playing an enormously dangerous game. Any investor throwing money at a game like this knows the risks, or they wouldn't even know the firm exists.
            • whatok 8y ago
              Like I said above, only talking about dude in charge.
  • DrNuke 8y ago
    Nah, his “family” clients knew very well they weren’t buying into the Red Cross charity or the Orphans & Widows fund.
    • whatok 8y ago
      I didn't say anything about his clients. I might have a tiny bit of sympathy for them but absolutely none for him.