X I v - What You Are Actually Buying With Options

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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.

In this episode of Infinite Loops we spoke with Michael Green, Partner & Chief Strategist at Logica Capital Advisers. In a wide-ranging discussion that could have lasted the rest of the day, we covered:

The passive narrative, and its impact on market structure.
Vanguard and Blackrock’s lobbying efforts.
Target Date Funds and their increasing dominance.
COVID-19 and the government’s response.
The power of language.
Michael’s recent paper: Policy in a World of Pandemics, Social Media, and Passive Investing (linked below)

And much more. You can find Michael’s paper here: https://www.logicafunds.com/policy-in-a-world-of-pandemics