Liquidity is the excuse not to understand anything.

You know what causes the biggest sell offs? Too many people long over priced call options. $vix is way too high to be buying upside calls on anything. risk reward is atrocious. even if you are directionally right, most will struggle to break even on the calls. Sp yes it’s a trap.

twitter.com/hks55/status/1266064478132744193

READ  Who agreed to a no-audit deal with an election software company? Name ANYTHING you have ever heard that is dumber. Literally anything.
READ  Who agreed to a no-audit deal with an election software company? Name ANYTHING you have ever heard that is dumber. Literally anything.

Carl Icahn lost $2 billion betting on Hertz