was near historic lows, showing that investors expected the good times to persist.
Back in October, his firm, which manages $150 million in assets, engaged its High Sigma strategy — purchasing out-of-the-money call options on thethat profits from higher expected stock-market volatility. The strategy monetizes these emotions by selling CBOE-listed options on the cash indexes for the Nasdaq 100, Russell 2000, and S&P 500.
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Smart guy.
But I'm introducing a new possibility too.
The rich get richer
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