this just tells you how much money MMs used to easily make off option buyers with uvxy, it becomes easy for retail investors to be the sellers of options for a lot of instruments, avoiding single stock risks my theory is options have been over priced in general in the last decade.
【在 c******a 的大作中提到】 : this just tells you how much money MMs used to easily make off option buyers : with uvxy, it becomes easy for retail investors to be the sellers of options : for a lot of instruments, avoiding single stock risks : my theory is options have been over priced in general in the last decade.
buyers options Nothing is overpriced or mis-priced, IMO; the market is extremely efficient as long as there is enough liquidity. Indeed, the volatility implied from option prices have been almost always overstating realized volatility of stock price movements; in other words, option prices almost always carry some “excess premium”. Such excess premium is added by the market with the belief that the negatively skewed returns are likely to create more frequent larger crashes or corrections than we had in the past. It is the market’s way of pricing the present fear of future uncertainty.
【在 c******a 的大作中提到】 : this just tells you how much money MMs used to easily make off option buyers : with uvxy, it becomes easy for retail investors to be the sellers of options : for a lot of instruments, avoiding single stock risks : my theory is options have been over priced in general in the last decade.