Correction - Canadian haha.
Long story short he didn't have to pay it back because his broker displayed the wrong oil price at the time of purchasing, but just goes to show the effects of trading derivatives without stop losses. Big no-no.
https://www.*.com.au/oil-trader-loses-millions-on-brokerage-glitch-2020-5?r=US&IR=T
Chart - Z1P, page-904
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Last
$2.87 |
Change
0.010(0.35%) |
Mkt cap ! $3.747B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $2.93 | $2.83 | $24.04M | 8.366M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 42094 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 5115 | 2 |
View Market Depth
| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |