4 ms·
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
by 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 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.