The Book of James

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What a difference a single month can make. Observe the chart of the natural gas market below. Once it pushed past resistance (pink horizontal line) it went roaring higher, devastating – – notably – – James Cordier and his OptionSellers.com fund, purportedly to the tune of $200 million. And then, equally as fast, all the gains disappeared. It’s as if nothing happened.

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Looking at the Volatility chart (thank you, SlopeCharts……….) provides a more specific view as to why a short position in these naked options would be such a wipeout. And, again, the explosive move in price has pretty much vanished.

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The chilling thing is that if you are James Cordier and decide to Google yourself, what appears as the very top results are advertisements from lawyers.

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