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Is This a One Off?
During the post two thousand and one sell off in the equity markets, warren decided to fill the hit the bid on that val because he figured, if i sell out of the money h puts here, i at these incredible premiums. And so there became a tremendous screet squeeze on the long end of the valcurve,. inequities enough so that you could sell a variant swap at the equivalent of 38 implied volatility wel for, what term, ten years. So no brainer for someonelik with a balance sheet, right? Rit.