> It was only during a unique period of irrational exuberance that banks were open to underwriting options for such new and untested equities. Keep in mind tha

> It was only during a unique period of irrational exuberance that banks were open to underwriting options for such new and untested equities. Keep in mind that any time a bank underwrites an option, particularly if it’s for a short position, there’s no guarantee they will honor it when shit hits the fan. Legally, they are obligated to. But in practice you may only recieve a percentage of what you were promised.