Options Trader 'Captain Condor' Causes $50 Million Loss for Followers
TL;DR Summary
Options trader 'Captain Condor' and his group of about 1,000 investors suffered a $50 million wipeout after using a risky Martingale betting system on Iron Condor options strategies, highlighting the dangers of retail involvement in complex derivatives amid a booming U.S. options market.
Topics:business#captain-condor#dollar50-million-loss#markets#martingale-system#options-trading#retail-investors
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