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That looks like a well-informed investor understanding full-well that they were buying naked options and the enormous risks associated with that.
by 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 agoThey 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 agoWhoops, 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 agoLike I said above, only talking about dude in charge.