"Margin call, gentlemen."
'Why you can't expect...'
" You know the rules. All accounts to be settled at the end of the day's trading, without exception."
'You know perfectly well, we don't have $394 million in cash.'
"I'm sorry, boys. Put the Duke brothers'seats on the exchange up for sale at once. Seize all assets of Duke & Duke Commodity Brokers, as well as all personal holdings of Randolph and Mortimer Duke."
About 30 years ago Florida had a big freeze that wiped out a lot of the OJ crop, sending OJ futures soaring. Read a John Tutor Jones piece in Barrons where he said he was backing up the truck to short OJ, since people did not have to buy it and the high prices had to collapse. Made sense so I bought a bunch of puts on OJ. And sure enough, after a couple of weeks OJ went down limit for 5 days straight, 2.05 to 1.60. The longs were getting destroyed and the only way out for them was to buy puts, since they could not go flat. And I and other put holders had their only out to relieve the pain. Made a ton of money. So everytime I see that OJ seen in Trading Places it reminds me of that trade.