It’s probably a little weirder than that, because what (seems to / likely may have) happened wasn’t even a loss, just a state in the clearing of 2 options. So

It’s probably a little weirder than that, because what (seems to / likely may have) happened wasn’t even a loss, just a state in the clearing of 2 options. So what if you thought your life savings vanished but they really hadn’t? I’m not even positing an answer but what a horrible incident.