As long time stock trader I have never used 'naked put options' as the enourmous risk it carries is not worth employing it as a trading strategy. Yet as renowned economist Randall Pozdena points out in this OPED
that is the strategy the Oregon Supreme Court has effectively used in it's PERS rulings. So the question to be asked of Supreme Court justices who are in the PERS system (conflict of interest?) is this: are they ultimately responsible for the PERS mess we find ourselves in? Will their actions force hurtful tax increases on working families in Oregon to cover the PERS shortfall? If the answer is yes, will the voters hold them accountable? Stay tuned as this saga is far from over.