3 ms·
Too bad Matt Levine is out, I'm sure he would have a good time talking about just how terrible an idea this was. I assume these fools went with the classic "buy
by smabie 6y ago
Too bad Matt Levine is out, I'm sure he would have a good time talking about just how terrible an idea this was. I assume these fools went with the classic "buy a shit ton of illiquid and thinly traded OTM options" route.
- boulos 6y agoSee my quotes from the complaint. They definitely seemed to have transacted a lot, made a decent amount of money, but they mustn’t have been that out of the money (they put in like $800k to make another $600k, so they probably traded in the money but with upside).