So who retired for life going all in on ootm GOOG

stock777 · Apr 20, 2008

To be fair, any pro seller would have hedged long before the loss became catastrophic. They had plenty of time and only had to carry the hedge one day.

TraderZones · Apr 20, 2008

Quote from stock777:

Must be tons of ya

The point is? Anytime a lot of money is made due to blind luck, this is nothing to be proud of. You could just as easliy lost everything.

stock777 · Apr 20, 2008

Lets face it, 90 was a sick move, not expected at all.

And I would not take credit for the whole move since quite a bit came intraday. How many would have just held the options off the open. Oversleeping doesnt count.

I still think they mispriced the atm by some amount, probably should have been more like $40 for the spread than 30.

stock777 · Apr 20, 2008

Quote from TraderZones:

The point is? Anytime a lot of money is made due to blind luck, this is nothing to be proud of. You could just as easliy lost everything.

A rare event is not the same as luck.

Don't be confusing the two.

Any good horseplayer knows that.