seems to me that, albeit in the context of
vanilla options, the discussion with MsWachner on 9 July 2008 to which I have referred in
paragraphs ... could lead to their being in the
money. Even without that warning, I consider MsWachner was an experienced trader (despite all
her protestations to the contrary) who understood ... risks she was running.
2. It was a constant theme of MsWachner's evidence, when confronted with discussions
where the choices available to her had essentially either been spelt