Dukey tipped out the door of the exchange for two tall cool Bud cans on the train home. Just like every night.
Category: Where Is Beeks
The Tube Man And A Million Dollar Lesson in Credit Risk
“It hadn’t been the first time Cliff had been hit, but at a million-dollar payout, this was by far the largest gambling loss that anyone had ever seen experienced on the NYSE Floor for a sports bet at the time.”
Trader Recounts ‘The Greatest Risk Arb Of All-Time’
” Most of what I learned about this trade was through rumours heard at bars and tidbits passed along the trading desk at slow moments. Yet I think I know the story well enough to recount the tale of one of the gutsiest risk arbitrage plays of all time.”
The Gilded Age, Man.
“I had never seen implied vol move that fast at that point in my young career.”
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