Capital Markets Red Flags II Not Enough Options Existed There were about $1 billion in near-month (less than 30 day) at-the- money put options on the OEX S&P 100 Stock Index in existence BM needed to trade $7 - $65 billion of these options as his size increased Every trade leaves a footprint but BM's footprints were never seen by anyone during our 8½ year investigation My firm had trading relationships with most of the largest equity derivatives brokers and none of them ever did an options trade with BM BM would tell FOF's he traded with certain brokers but those firms said they never traded with him BM said he traded O-T-C options in Europe on US Stocks which is nonsense because there is no liquidity there O-T-C options are more expensive than exchange-traded options
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