Abnormal Returns - Latest Comments in Friday links: the risk trade Abnormal Returnshttp://abnormalreturns.disqus.com/A wide-ranging, forecast-free investment blogenSun, 08 Nov 2009 15:09:38 -0000Re: Friday links: the risk trade Abnormal Returnshttp://www.abnormalreturns.com/2009/11/friday-links-the-risk-trade/#comment-22255350<p>Unfortunately the finance skills didn't help Steven Begleiter win the World Series of Poker final table as he was "bad beat" out of his "winning option position" by a River Ace even though he had pocket Queens.<br>However, as an option play, his $10,000 "option premium" buy-in (which only actually cost him $5,000 of his own money), his $1.6 million return would make a top-tier VC envious.</p>MaskedFinancierSun, 08 Nov 2009 15:09:38 -0000