Goldman Sachs mistakenly issued a set of stock-options orders into the market this morning, according to the WSJ.
A ‘technical problem’ caused many options to trade at $1 on tickers beginning with the letters H through L. I can’t imagine what the traders on the other side of those trades were/are feeling right now.
Lloyd Blankfein CEO of Goldman Sachs
The FT reports the mistake could cost Goldman as much as $100 million. However, since Goldman people run the financial world, I’m sure they will all be cancelled so Lloyd can hang onto his bonus.
