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They don’t really have to be losing in the long term, being short deep out-of-the-money puts nets you an option premium if the underlying never crashes, and onc
by adchari 4y ago
They don’t really have to be losing in the long term, being short deep out-of-the-money puts nets you an option premium if the underlying never crashes, and once you delta-hedge that position, you can remove the tail risk from your portfolio
- howling 4y agoYes it's not necessary for them to be losing in the long term for Jane Street to be profitable, but I suspect they are.