This is NOT true. This is NOT why LTCM went under. They went under b/c of OVERLEVERAGE. At one point, 100x! It has nothing to do with Black-Scholes option pricing formula.
someone said i was making the wrong bets, well the truth is if I would have just bought or shorted the stocks I would have made good money, thats the problem.
You did so to make money. In other words you tried trading options out of GREED! No different than any market maker or any other participant. Guys like you are so immature you will never make money in trading... never! Market maturity and acceptance of risk and the difficulty involved in this, is a requisite to participate. Do yourself and all ETs a favor... get out of the market, and off this website!
B.T.W. why the heck are you on Elitetrader.com in the first place... so you can rant and rave and whine like some child!?? It's one thing to ask for info and opinion, it's another to use foul language and whine like a 5 year old! Be a man! :eek: