Optionsellers.com goes bust selling deep OTM options

@nntaleb ‘s theory gets vindicated yet again with https://t.co/0gLrnZXQGX going bust ! forget the jargon, the greeks, the probability of profit fundas, the fake safety of far otm strikes ... simply stay away from oversized naked options selling !

— Umesh Ranglani (@umeshranglani) November 17, 2018

SHOCKING!
These people https://t.co/PgG503ezXV who blew up were citing me and The Black Swan to propose ... selling TAIL options. Unbelievable. Exactly the opposite of what I write. pic.twitter.com/XBDoRs0Jya

— Nassim Nicholas Taleb (@nntaleb) November 17, 2018

1. https://t.co/9ZWSlKgjoT invested clients money only in Natural Gas CE. No diversification.
2. They sold only CE, so it is directional bet.
3. Cold weather make Natural Gas price to move violently, so it is high risk.
4. Did not exit at right time. So no risk management.
(1/2)

— P R Sundar (@PRSundar64) November 17, 2018