The Iron Condor That Killed Christmas: A $50 Million Lesson in Risk Management

In markets, the most dangerous illusion isn’t greed—it’s consistency.

That illusion just cost someone more than $50 million.

By now, you may have heard the story. If not, it’s worth your time—not because it involves some reckless crypto cowboy or Reddit-fueled gambler, but because it didn’t.

This was a trader running a popular options strategy. Someone wit…