Re: Google options up 17530%. could someone Explain this
ptrewhe...@gmail.com
> 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).
