3 ms·
Super interesting. Thanks!
by Ecco 6y ago
Super interesting. Thanks!
- pjc50 6y agoA good angle to think of for options trading is that writing out-of-the-money options is like selling insurance. Occasionally you have to make a big payout, but the rest of the time you're getting small payments. Some of the market participants were effectively insuring others against the price of oil dropping too low.