Far-Out... NOt Exactly, he got 5 billion in wagers and he, being da-house, will have to pay 20 billion if the S&P500 goes below a certain level, PERIOD!!
Play-r's call-em all kinds of fancy names, say they're complicated, BUT, it's NOTHING mroe then a BET between two parties!
In summary, it was Nothing more then a gentlemen's BET between two parties and there is NOTHING he an do NOW to keep from being wiped OUT, especially since ALL of his other holdings rely on Upward prices in regard to Stocks!!
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