161: Mike Agne – When There’s Blood in the Water, Sharks Will Come
Chat With Traders
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How LGM Came Unstuck in the VIX Futures Market
LJM was essentially just a fund which were trading these VIX related products. They're short volatility that there as the, as the market fixes blowing out and they can't get out. That's one leg of the trade. The other leg is obviously in the options market,. If you're shorting all the volatilities, well, as theMarket blows out, let's, you know, it could do it on the upside. It's unfortunate because it doesn't have to happen. There should be risk metrics in place to stop.
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