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Long Vall Positioning
Most long vall positioning has another opposing short leg to it, right? So somebody, for example, there's short the belly, the short at the money for long out of the money. And so they're like, all we we hold long tail on the smb, and we're paying for it with short at theMoney. But that's ter thesis. Youre doing literally the opposite of what you're trying to achieve. It is kind of similar to being short of position but i'm actually never short. If there ever is a major longvall event, i have nothing resisting me. I'm jumping high without a weight belt, right?And so when that panic happens