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To: Ruffian who wrote (8404)3/20/2000 11:41:00 PM
From: Hobie1Kenobe  Respond to of 35685
 
<<A trader at Letco, an options market-maker, is said to have lost $30m after arranging a fancy options strategy on
Qualcomm.>>

There's a lesson in this article for any options newbie out there.....never, ever take the other side of Voltaire's trade, or you'll wind up in the same boat as the MM above. ;o)