they had tons of stock options/stocks worth millions and millions. If they bought lots of puts of the major indexes to protect themselves to make them "market neutral" they would have felt less pains. Not to make more money in this case, but to make sure your well-cooked ducklin would not fly away from you again.
Not to make more money in this case, but to make sure your well-cooked ducklin would not fly away from you again. 
