AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Then, You No Option Sellers Dot Com
L j m: They were smart folks, but those were not hedged positions. Those were not kind of smart, sneaky relative value. That was just selling monstrous amount of tail risk. And variance swaps are sort of the most negatively convex tail whisk bomb that you can imagine. L Jm: It was pretty sad, obviously, seeing that that video, they were selling a isater portfolio.