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Right, so that's "stacking to many levels of depth." To add some color to my point about how it "adds risk," the day Kim Jong-Il died, the market spiked lower a
by VagueMag 3y ago
Right, so that's "stacking to many levels of depth." To add some color to my point about how it "adds risk," the day Kim Jong-Il died, the market spiked lower and I was instantly lifted on every stacked offer I had in every put. I managed to recover a bit but it still took out about a quarter of a year's PNL in one fell swoop.