Dark, Mysterious & Sexy Volatility
The ACID Capitalist Podcast
00:00
How Much of Your Return Was Focused on That Period?
The market dynamics were kind of bookended by those third Mondays between February and March, pretty much. One of the biggest dislocations in equity derivatives for a long time had been long dated, really far out of the money downside ball was way too cheap. That comes from retail structured products where basically, all the French banks sell their clients notes where they get 10%.
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