The oil hedge that wasn't: "What I Learned from Losing $200 Million"

Here is an interesting from an option seller on how he lost $200 million. 

Option sellers, eat like chickens, poo like elephants, eh?

The piece is a good read for a quiet Asian day, but its more than that. The author refers to how his complex mathematical calculations gave him an ‘illusion of control’, which is

sumber: