“By day, Brian Abbott is a doctor at a cancer institute in Great Falls, Mont. In his off hours, he invests with borrowed money, shorts stocks and has taken a complex options position called a “short strangle” on wheat. Rather than protecting his $1 million or so in holdings, the 35-year-old
“Things that should have protected me weren’t working,” Dr. Abbott says of the market in recent weeks. “Everything was seeming to go down.”
Source:
Small Investors, Too, Get Nailed by Arcane Trades. Wall Street Journal, 08/2007.
Image source: Wikipedia, GNU Free Documentation License.
Original post by Clinical Cases
