### Comment:
R o G u E   W a V e 
  
  
 See: optionsellers.com

### REPLY:
Spreads are risk defined (but you give up a considerable amonut of the profit). Optionsellers sold naked call options. If you do that all the time you are basically garuanteed to hit a black swan event at some point. They did after 5 years or so.

### END.