If you buy an option your loss is limited to the premium you paid but your profit potential is unlimited. The exact opposite is true if you sell an option - your profit is limited to the premium you collected for the sale but your loss potential is unlimited. Most retail brokerages won’t allow you to sell options unless you are hedged against losses, but they don’t quantify how much you need to be hedged. So any retail investor with an options account could sell an option for say $100 as long as they are hedged by buying a corresponding option, but that hedge could limit losses to $100 or $100,000, the brokerage doesn’t care. My guess is this guy leveraged his margin account and sold a shitload of options but bought the cheapest hedge allowable. When the trade went against him He realized why the hedge was so cheap.

The first rule of selling options is don’t.

If you still want to sell options watch this apology video from James Cordier who spent decades making hundreds of millions of dollars selling options until he blew up over 24 hours on a single trade selling options on Nat Gas.

I worked in Window Rock on the Navajo Nation last summer and stayed in Gallup while I was there. Both the rez and Gallup are possibly the most abject poverty I have ever experienced in the developed world. The horrors of colonialism still affect that part of the country.

Republicans are not decrying this socialism, however. How strange.

The right has never had a problem with socialism for large corporations or the super wealthy.

After talking with you I started a twice daily regimen of baicalin extract and sodium ascorbate. I wound up getting sick with mild flu like symptoms for about 5 days - fever, headaches, sore throat, dizziness, but it never made it into my lungs. No idea if I had covid-19 ( I know everyone thinks they've already had it ) but if I did I am fully convinced that the baicalin helped in a speedy recovery.

As someone who travels extensively for work (over 100,000 airline miles last year) I always use hotels. They are consistently cleaner, quicker, easier, cheaper and provide better service than any AirBnB I've used.

Black Phillip

Regardless if it's true or not, it will be weaponized in order to control the narrative. Any news that doesn't fit the mainstream narrative can now be labeled "Chinese propaganda" and the source will be denounced as a Chinese agent or a Xi puppet.

Historically crude futures contracts had a lower bound of $0. On April 9th of this year the CME group released the following notice.

https://www.cmegroup.com/content/dam/cmegroup/notices/clearing/2020/04/Chadv20-152.pdf.?mod=article_inline

It states that if any oil futures contract settles below $8 it will immediately be switched to pricing model that supports negative prices. At noon on April 20th the May oil contract dipped below $8 which must have triggered this new pricing structure. It hit zero just two hours later and then quickly sold off to negative 40 in the next 30 min.

According to this notice Gasoline and Diesel also have similar trigger prices that will allow them to have negative pricing.