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Captain Condor

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business13 days ago•8 min saved

Options Trader 'Captain Condor' Causes $50 Million Loss for Followers

Options trader 'Captain Condor' and his group of about 1,000 investors suffered a $50 million loss, primarily due to the risky use of the Martingale betting system on a popular options strategy, highlighting the dangers of retail trading in complex derivatives.

via Morningstar|

#business #captain-condor #financial-loss

markets13 days ago•7 min saved

Options Trader 'Captain Condor' Causes $50 Million Loss for Followers

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.

via MarketWatch|

#captain-condor #dollar50-million-loss #markets