Day Trader Options Frenzy Turns Ugly in $730 Billion Nasdaq Rout
A clerk in the S&P 500 pit works at the Chicago Board of Trade in Chicago, Illinois, U.S. (Photographer: Tim Boyle/Bloomberg News)  

Day Trader Options Frenzy Turns Ugly in $730 Billion Nasdaq Rout

(Bloomberg) -- Thursday’s Nasdaq nosedive dispensed painful lessons in how options-market leverage can blow up in an investor’s face.
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