On a recent morning one of my good friends, a very successful options trader I’ll call John, called me around 10 a.m. The stock market had dropped another 600 points and I expected him to be calling with an investment idea as he often does. Options traders can do well in scary times because the cost of options become more and more expensive with high volatility and John had been up 70 to 80 percent in the last two years.
Unfortunately, it wasn’t an investment idea at all. “I got cleaned out,” John said. “I’m done. I had over a million dollars yesterday. Now I’m in the negative.” View article at shambhalasun.com.
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