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Zero Dt and the Long Run
I want to touch a little bit and ask you about what you were doing prior to making that shift. So I had the fading engine which was like put skew and index. Obviously that works. And the SPX that I had like a long like then I had a basically like TLT strangle,. Then I had a gold strangle and then he had a crude oil like put basically. And you know, I coulked him out the correlations all like amazing yada yada yADA. But it's like the whole like long run thing comes up. The longer dated options are actually influenced by macroeconomic factors. Like one Russia invaded Ukraine. It's like volatility ripped like gold