Michael Green: Evolving Market Structures and COVID-19 (EP.05)
Infinite Loops
00:00
X I v - What You Are Actually Buying With Options
In february of two thousand 18 there was a whats called valma geddon, an unexpected event in the volatility space. A very popular e t f complex x i v, a product that was offered by velocity sharers and sponsored by crewdet swiss, went from roughly a hundred and 20 dollars a share to functionally zero overnight. Ands in my former role, we profited significantly from that event. But what it higlighted is a characteristic of options that people tend to under appreciate, which is not always the implied versus realized volatility you are actually paying for.
Transcript
Play full episode
