3 ms·
spending a decade high rolling at yacht week is totally worth it though. don't pretend like unsustainable luxury is a bad thing, much better than just dreaming
by cloudjacker 11y ago
spending a decade high rolling at yacht week is totally worth it though. don't pretend like unsustainable luxury is a bad thing, much better than just dreaming about it
also, you can mitigate black swan events by not being too leveraged up, and going further out on expirations. and finally, just keep rolling.
- beagle3 11y agoNo, you can't mitigate black swans that way. To get any return on selling out of the money put options (with even the remote semblance of sustainability) you have to have a crazy 100x or 1000x leverage. And you can't just going further out on expirations without posting proper margins. That is, you can, but not legally.