The story of Optionsellers ~$150mil blowup.
Great read Lukas!
thank you!
Good post. I founded an options market making firm in 2017. Would love to touch base and share some experiences.
That’s a wild ride! It’s crazy how quickly things can turn in the options game. Definitely a cautionary tale for all traders out there.
You should add (if you didn’t know) that he was also an IB structure so his commissions per round turn were very high so he was making a lot of money from the commissions and churning - not many people discuss this
Great read Lukas!
thank you!
Good post. I founded an options market making firm in 2017. Would love to touch base and share some experiences.
That’s a wild ride! It’s crazy how quickly things can turn in the options game. Definitely a cautionary tale for all traders out there.
You should add (if you didn’t know) that he was also an IB structure so his commissions per round turn were very high so he was making a lot of money from the commissions and churning - not many people discuss this