How One Ether Options Trader Lost $3M in a Trade Gone Bad | Crypto Craft

  • How One Ether Options Trader Lost $3M in a Trade Gone Bad

    From coindesk.com

    A trader just learned the hard way that it’s pretty easy to lose $3 million in the volatile world of the crypto options market. The ether (ETH, +4.76%) put options seller took a large bet against a sharp drop in the cryptocurrency and ended up booking a massive loss on Tuesday as the token powering Ethereum’s blockchain tanked to a three-month low of $1,700. “The market moved just enough to force the trader to take a loss by buying back 5,000 contracts of the December expiry $2,560 put option sold earlier this quarter,” Gregoire Magadini, CEO of options analytics platform Genesis Volatility, told CoinDesk in ... (full story)

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letaptimas
Jun 23, 2021 4:08pm
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Your capital is at risk. does anyone know where i can find a stop limit, not to sound greedy.


I taste strawberries and they are yummy, but there not enough to share, they have all been eaten.
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