Well when they are unhedged, anything is scary because anything can happen no matter how "tailed" they are especially when they are combined with high leverage.
If he wants to work on the jury, he needs to take that watch and those cufflinks off. Apparently they are not popular with the masses. LOL
Thats why perma options selling sucks, you are forced to stay super small in size so the profitability (when it exists) is not that significant. The alternative, like this guy did, is to lever up and sell more options than its prudent. It might work for a while but one day that will bite you in the ass.
Saw the excel. If they simply sold the puts, they would be just fine. Don't ever recall NG crashing downwards.
When shale gas came online NG had a massive downtrend. Look at the monthly chart on tradingview for 2008/2009. Went from 13.5 to 2.5. The winter/summer spread April/May led to a hedgefund wipeout on several Billion dollar losses. It is called the widowmaker spread.
Disagree. Same. Suicide, death penalty or life long sentence. There are things a human being especially adults, need to be cognicent about which is that certain violations can kill people. The end result is the same, whether you speed and kill people or whether you are drunk driving or are in other ways grossly negligent which costs peoples' lives. Speeding a train just above the limit is a different thing than racing at double the speed limit. A driver who races at 50 miles per hours through a 25 miles per hour speed limit zone and kills a child should in my opinion be seated on the electric chair. Judgment "not fit to live among the rest of society"
Exactly and if he indeed loaded up on those tail shorts he should be held liable even with his personal assets down to the last gold crown in his wive's mouth. But his watch must go first
My point exactly. Clients with managed accounts get daily and monthly statements of all trades, did anyone look at them?