Lead-Lag Live cover image

SBF, FTX, & Another Crash With Nick Leeson

Lead-Lag Live

00:00

How to Get Rid of Options Trading Losses in May of 1993

In May of 1983, the options expired at the most perfect level and all of the losses were taken away. And I had the opposite problem, I had a profit, and I needed to get rid of which was a lot easier to do. The market really didn't have the capacity to unwind too much of a position. So my position was just accelerating so big and so quickly that it was very difficult, I would say impossible to unwind.

Play episode from 13:27
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app