I don't know, it's not even exactly clear to me what kind of trade was in play here. My point was, the other side probably wasn't Joe Average. IOW, while you can frame this as a rich man losing due to greed, that's just another way of saying some other rich person won big.
Exaggerating here, there were probably multiple counterparties and I'd think they were probably institutional investors, or maybe power companies.
Exaggerating here, there were probably multiple counterparties and I'd think they were probably institutional investors, or maybe power companies.