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The charts are maximizing EV without taking into account the discount he negotiated. With the loss discount, it becomes more profitable to increase short term v
by gibybo 15y ago
The charts are maximizing EV without taking into account the discount he negotiated. With the loss discount, it becomes more profitable to increase short term variance beyond what the chart strategies would lead to.
- dfc 15y agoI'm sorry but your answer neglects the second paragraph that I quoted. That seems sort of important...