Comment by LittleTimothy
Comment by LittleTimothy 17 hours ago
It's also a head-ache for options traders because some options models (black scholes) have log-normal pricing baked in which don't actually allow for the underlying asset to go negative. So nevermind worrying about taking delivery, your HFT options desk just had their algo blow up.
Nah your desk closed out as the model was starting to choke.