Ann: Flames Well Accelerated, Options Underwriting and Funding, page-90

@TheProfessional re the quote above and a fall of 10% on All Ords...
Price that Put up v's a 5% fall across a wide range of indices when Vol is high ?
And what the hell is ASX anyhow ? No ASX index ...

And as for the hostilities, putting that in a month ago vs when we are in the current market, price that up?

The underwriting is a sham, lets see how long it takes till the exits can be triggered ??
oh look, its today on the hostilities (I mean who decides this and would BRK go to court on it?).
And lets see the Nasdaq was down 3.65 overnight and futures are down .34 now .. jeez 5% is a long way from OTM ...
In fact I think its already triggered - when was the agreement even signed for the two day rule??

In the end I didn't want to see the Ops underwritten, not needed

i am very happy with whats happened, just dont try and bull me that the ops underweight is real or worth a spend$

And as for being out of my depth .... ok maybe I am, but seems most here didn't even get to fine print and just want to wave pom poms