Skip to main content

Lupe Fiasco

A term Peter uses for any trade that has the potential to blow up into a large loss. Named after the rapper of the same name. Often shortened to just “Lupe”, such situations should be avoided at all costs.

Example: “This call ratio spread is still trading at break-even even though price has risen far quicker and further than we thought. Let’s close it today to avoid a Lupe Fiasco.”