Naked Option by Joe Kolman
First Published Thursday, 9th July 2009 11:33 am from Automated Trader
Dave Ackerman, the narrator of Naked Option, is a brilliant trader but one day, recklessly trying to one-up his firm's superstar, he goes naked on an option trade and loses $112 million in two hours. His career is over. Then he hears about an auditing job at an investment bank. He knows within minutes that something is very wrong, but he's so desperate, he takes the job.
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The next morning, Steve was noticeably quiet. I had vibes that it was going to be a bad day, but I didn't think it was going to be the day that changed my life.
After the morning meeting, we all returned to our seats in silence. Steve looked awful, as if he had been ...
