No one, but I assessed his risk tolerance given his past investment decisions and decided it is appropriate to buy him those calls.
Lost all friends boss's money
- Thread starter RollTheDice
- Start date
Thank you. I'm recovering rather quickly.
No I'm NOT managing other people's money and I never will. The 7 figure portfolio is entirely mine and is profitable as you can see from my previous posts. I'm happy with what I have. This was a very rare case.
This man doesn't care about rules, You think he cares about wrongful termination? He lives in shanghai 6 months a year. My friend has promised me not to sue him, so we don't escalate the situation further.
I know what he is thinking now. He is thinking "It is what it is and I'm going to save money by firing the person who recommended me that bastard". My friend makes £60k or $80k annually.
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The boss guy should have taken $50K or so from rollthedice and then terminated his friend's employment. Even if his friend was getting $50K a year plus $10K benefits, the boss will recoup in 4-5 years if he can keep the position vacant and transfer partial duties to several others. Boss can also say that due to the loss incurred in the business he had to do some layoffs and Oops!! the friend was first on the list.
Boss can also counter that friend conspired with rollthedice to take extreme risk to make 20-30% of the incentive and make quick bucks. Boss can also say that he had told trader to start on certain date but in actuality he started two days earlier and then breach of contract and trust kicks in. Remember it is all verbal in this case.
A wily attorney can also make a case for fraud on both diceroller and his friend if they decide to sue him for "wrongful termination".
Boss can also counter that friend conspired with rollthedice to take extreme risk to make 20-30% of the incentive and make quick bucks. Boss can also say that he had told trader to start on certain date but in actuality he started two days earlier and then breach of contract and trust kicks in. Remember it is all verbal in this case.
A wily attorney can also make a case for fraud on both diceroller and his friend if they decide to sue him for "wrongful termination".
This is an absolute lie! You showed him your account which was profitable and then you abandoned all investment principles and went all in on a bet with worse odds than any one casino bet.
I think you are also lying about this whole thread and that none of this actually happened. Show us a screen shot of the trade. Show us the underlying equity, the strike price, expiration date and the date and time of entry with the number of options and price paid. In addition take a screen shot of the "Option Time and Sales" to show us the actual trade that belonged to this mythical transaction.
Since you like to bet I am betting one bloody nose that we never see any of this documentation. I am interested to see the liquidity in the option that you chose. 300K in out of the money options --- let's see, that is probably close to a million options.
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You think the whole thing is a lie but yet you spend so many words responding to him.
Yeah, it just hit me in the middle of my latest post that there is not enough volume and liquidity in any option to make this large of a transaction. That is when the light came on that this "Roll the Dice" guy is just having fun with us.
"ding"