It wasn’t some YOLO trade that took down a successful options trader over Christmas, but a centuries-old gambling strategy ...
By Kochuba’s count, the group suffered a loss of more than $30 million on Christmas Eve after selling more than 90,000 Iron Condor spreads. Each spread involved four separate options contracts.
This month, the speaker is Chris West, pictured, the manager of the Northern California Condor Restoration Program.
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