Kelly Angle

Discussion in 'Options' started by asdfghj7, Nov 21, 2009.

  1. In Kelly Angles book, '100 Million Dollars in Profit', where his uncle or dad pyramided gold up to a huge profit. Does anyone remember if gains were protected on the way up via options.? Or even at all for that matter. I just can't remember.
     
  2. 1) Divide the "100-million profit" by atleast 10, maybe 100.
    2) Options may not have been listed on the COMEX back then.
    3) There may not have been any OTC-style options market either.
    4) That "tale" would be less entertaining if the gains were hedged. :cool:
     
  3. That makes sense. Thanks for getting back to me.
     
  4. KD2122

    KD2122

    It my father who made the gold trade. He had no idea what an option was. It was his first every trade in any market. He was very committed and very lucky! But everything in the book is true!
    KD Angle - author