Yes this is right. They buy puts and keep rolling them forward indefinitely waiting for things to go awry. The premiums on the puts eat into their overall retur

Yes this is right. They buy puts and keep rolling them forward indefinitely waiting for things to go awry. The premiums on the puts eat into their overall returns in the hopes that one day there will be an event that makes back all those lost premiums. They aren't really disclosing enough information to be able to evaluate whether or not it actually works, so I suspect this is just a marketing ploy to get more clients.