Reading reportabout 1500 words needed

Read the following article to understand the basic issue about Nick Leeson and the collapse of Barings Bank: Brown, S. J., and Steenbeek, O. W. (2001) "Doubling: Nick Leeson's trading strategy." Pacific-Basin Finance Journal, 9, 83-99. You are required to conduct a reading report based on the above article. In the report, you need to address the following questions: 1. Why did Nick Leeson sell numerous short straddles for each long futures contract he bought? 2. Explain Nick Leeson's doubling strategy. 3. Has Nick Leeson drawn too much of the blame for what went wrong at Barings Bank? Who else bears some of the responsibility? Why? 4. Nick Leeson sold short straddles and combined them with long futures contracts. What hybrid would he have created if he combined long call options on the Nikkei Index and with short forward contracts? Why did he sell options instead of buying them? Read the following article to understand the basic issue about Nick Leeson and the collapse of Barings Bank: Brown, S. J., and Steenbeek, O. W. (2001) "Doubling: Nick Leeson's trading strategy." Pacific-Basin Finance Journal, 9, 83-99. You are required to conduct a reading report based on the above article. In the report, you need to address the following questions: 1. Why did Nick Leeson sell numerous short straddles for each long futures contract he bought? 2. Explain Nick Leeson's doubling strategy. 3. Has Nick Leeson drawn too much of the blame for what went wrong at Barings Bank? Who else bears some of the responsibility? Why? 4. Nick Leeson sold short straddles and combined them with long futures contracts. What hybrid would he have created if he combined long call options on the Nikkei Index and with short forward contracts? Why did he sell options instead of buying them