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Scott Lurndal

writes:

I told you I don't play commodities but I imagine people who do can
tell you some stories. As for the options market, just look at those
people who were stuck in a short squeeze on GameStop and they bought
on a margin.

The "shorts" who were "squeezed" were mainly institutional
investors and hedge funds, and yes, many recorded losses - albeit affordable
for them; it was simply a hedge that didn't pay off, part of
daily business in a hedge fund.

The amateurs who got hurt were, as noted, buying on margin;
the same behavior that cause the big crash in 1929.