Optionsellers.com goes bust and the apology video is painful to watch

[JSOP]

Hmm, how about the counterfeit issue? China comes up with very impressive look-alikes?

He does not look the type who's got the acquired taste (for some) to go to China and he has too much pride and taste to buy counterfeit. This guy is about pursuing the finer things in life, the French Riviera, bass fishing, exquisite Cuban sandwich... Buying counterfeit are for the practical and the tasteless

 

[sle]

It's been reposted at least 3 times on Youtube, some with explanation of what happened.

I know what happened, lol, I saw it. Then I wanted to share with a friend of mine who is an energy PM and it was taken down.

 

[JSOP]

A manager wasted some Alpha to buy an Omega...

All he had was just high leverage. That's not an Alpha. LOL

 

[JSOP]

I know what happened, lol, I saw it. Then I wanted to share with a friend of mine who is an energy PM and it was taken down.

I mean it's been reposted 3 times on Youtube after it was taken down. Hope your friend was on the long side and made a killing.

 

[sle]

All he had was just high leverage. That's not an Alpha. LOL

He thought he had Alpha. Turned out to be just Beta. He was short Gamma. Yet he wore an Omega

 

[prc117f]

Wow did anyone see those spreadsheets. As i thought a shit ton of otm feb calls. What a horrid trade, he was collecting premiums like 5 cents a contract but sold a shit ton of them barely any theta decay. Basically wait until expiration to close out.

He exposed himself to bigtime vega risk for so little reward and he had to sell so many for the measly premiums. That is total gross negligence he should know better. Those positions are total amateur hour. He never gave a shit putting his clients at enormous risk since he has no skin in the game. Did his clients see these spreadsheets? I guess it did not raise alarms for them.

 

[JSOP]

He thought he had Alpha. Turned out to be just Beta. He was short Gamma. Yet he wore an Omega

And he never even knew Theta when Vega killed him.

 

[JSOP]

Wow did anyone see those spreadsheets. As i thought a shit ton of otm feb calls. What a horrid trade, he was collecting premiums like 5 cents a contract but sold a shit ton of them barely any theta decay. Basically wait until expiration to close out.

He exposed himself to bigtime vega risk for so little reward and he had to sell so many for the measly premiums. That is total gross negligence he should know better. Those positions are total amateur hour. He never gave a shit putting his clients at enormous risk since he has no skin in the game. Did his clients see these spreadsheets? I guess it did not raise alarms for them.

No. Do you have the link? Wonder who posted them?

 

[sle]

Wow did anyone see those spreadsheets. As i thought a shit ton of otm feb calls. What a horrid trade, he was collecting premiums like 5 cents a contract but sold a shit ton of them barely any theta decay. Basically wait until expiration to close out.

He exposed himself to bigtime vega risk for so little reward and he had to sell so many for the measly premiums. That is total gross negligence he should know better. Those positions are total amateur hour. He never gave a shit putting his clients at enormous risk since he has no skin in the game. Did his clients see these spreadsheets? I guess it did not raise alarms for them.

Ah, juicy! Do you have a link? It would be really interesting to see what exactly happened!

 

[JSOP]

Save a copy of what? His video? Yeah, it was reposted back a couple of pages, reposted on Bloomberg, and I am sure sometime this weekend you will find it at least spoken about on your local news channel, since in the US there's going to be nothing else to talk about because we're all heading into a 4-day vacation. With no trump and no markets, the only thing that jostles the US news cycle these days is new reports about football injuries and meteors and shit.

Wait until it goes onto mainstream news, ABC, NBC, CBS, Fox News. It would definitely be on CNBC.