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He wrote naked calls with a strike price of $90 and now the price is $350... Shouldn't he be wiped out if anyone exercised their call options?
by silexia 6y ago
He wrote naked calls with a strike price of $90 and now the price is $350... Shouldn't he be wiped out if anyone exercised their call options?
- conanbatt 6y agoIf he did what he said, he definitely lost. Might have had a stop-loss. I mentioned that quote from someone that thought in the same lines as the OP, had more money and was a professional in the area, and still lost his shirt - twice.