The options experts who think vol selling is a broken trade
Some say the equity volatility risk premium has vanished, others say it comes and goes
In October, Benn Eifert, co-chief investment officer at volatility trading hedge fund QVR Advisors, posted a video on social media of a man struggling in a transparent zorb ball floating across the wavey surface of a theme park water tank. The hapless individual tumbles every time he tries to stand. Eifert captioned the clip: “Selling options for passive income.”
Elsewhere, also in October, Tom
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