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Message from discussion Google options up 17530%. could someone Explain this
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ptrewhe...@gmail.com  
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 More options Apr 18 2008, 5:52 pm
From: ptrewhe...@gmail.com
Date: Fri, 18 Apr 2008 14:52:30 -0700 (PDT)
Local: Fri, Apr 18 2008 5:52 pm
Subject: Re: Google options up 17530%. could someone Explain this

> much..what about the other guy who had to cover this..i am assuming
> this kind of trading is a zero sum game...somebody had to lose their
> shirt, pants and hair right?

No, not necessarily. They could have been written as part of a multi-
leg option strategy (bear call spread), whereby the lower strike call
was sold, and a higher strike call was bought as insurance. In this
way your risk is limited to the spread (but of course you would still
lose money).

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