Due Diligence Daisy Chains [FTX] S03:E12
Pirates of Finance
00:00
Is There a Path Dependency in S&P Options?
If you start shorting volatility squared, and then you're long volatility at a higher multiple or that has a convexity that actually goes up exponentially. That's one of the most annoying things. I was listening to some podcast earlier this week I was talking about this. If you create positive carry, there is likely a path dependency that you are fucked.
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