Not in the industry, but curious to see what all your thoughts are on this:
https://www.bloomberg.com/news/articles/2018-11-1…
Never heard of this guy, but obviously had a decent amount of money as some structures were 1M or 10M minimum in accounts. Optionsellers doesn't sound legit at all but looks like he was wiped out due to huge energy swings recently.
Also not in the industry, but just saw this as well. Dude is sobbing lol. Anyone familiar with this fund?
Video on youtube:
I'm going to take a wild guess and say he was long oil/short natgas at the exact wrong time. Oops. Where's the hedging, bro?
Wow, simultaneously captivating and cringeworthy.
As if the video wasn't cringeworthy enough, go look at his seeking alpha account... 1 November 2018: " Option Selling Opportunities So Good They're Scary" 22 October 2018: "How to Use the "Submarine" Method of Managing Risk in Your Option Selling Portfolio"
Heavy plot twist my guy.
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