James Cordier was a long-time proponent of using "naked" options to trade in the volatile energy market. In numerous articles and even a book, he touted the potential rewards, telling investors they can produce consistent results. Now it turns out that style of investing may have been at least partially behind the collapse of Cordier’s Florida hedge fund, Optionsellers.com. The firm, which specializes in writing commodities options for high net-worth investors, had its accounts liquidated, INTL FCStone Inc., the brokerage that cleared the firm’s trades, said Monday. Cordier didn’t respond to requests for comment ... (full story)