Are You Averse to Negative Asymmetric Tail Bets?

Ellabit: It's reasonable that most people have a preference for positively a symmetric pay offs. Ad i think one of the things that you want to try to do is to stay away from these sort of catastrophic downside ones, he says. Ellabit: I'd rather see somebody at least get the diversification of the stock market through the options mechanism than have a concentrated position in a couple of highly volatile stocks.