Keeping it Simple with Simplify Asset Management cover image

Keeping it Simple on the Road | Ep. 3: 2020 From A Position of Strength

Keeping it Simple with Simplify Asset Management

00:00

Short Volatility Bets - What We Didn't Know, Right?

The world was demanding liquidity at a stupid price for naive short volatility bets. And we werea to take advantage of that really well. A lot of the very big institutions that were aggressively trying to short vix calls during early march got liquidated in midmarch, and those auctions went up. That was kind of the top peak of the volatility unwind. We were able to get out of those positions get the other way because the basis relationship totally flipped. So it was a combination of coming in with with strength in the portfolio from convexity that was way too cheap, and then seeing the mark responding the same way as always responded,. Trying to shor it ball, setting up

Play episode from 06:04
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app