Monday, 17 March 2008 01:00

More real time LEH blogging

Lehman is now officially in trouble, losing almost 50% of their value from last week. I couldn't fathom the put prices so went in naked short. Turning out well on top of my extant deep in the money puts.
This is a self reinforcing cycle. The more the lose, the more clients get scared, and the more value they lose.

Last modified on Monday, 17 March 2008 01:00
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