incredibly difficult to be that unlucky. If he just held onto his triple short another day he woulda been up 10+% instead of down that amount.. actually more, plus not even accounting for the fact that its margined.
It woulda worked out; but triple short the Naz 100 on your portfolio? And then actually margin that out? I think he said he's down 90%. The real Crazy thing is risk-adjusted its probably worse.