Comments
Transcript
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jcRetail investor here and Wow - I'd say 80% of this flew right over my head! But the content is just such high value and so dense, it's rewarding to listen to. Nowhere would I have the opportunity to access such quality content. I feel that even if I just manage to absorb a quarter of what just happened, I think it truly provides an edge on long term portfolio management and how I think about wealth management. Thanks to both Jason and Bastian for taking the time to prepare for this amazing discussion.
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SSWow! Amazing. So much to absorb. Will need a few listens. Thank you both!
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BSOutstanding interview overall and would love more future content from both the guest and interviews from Jason. I especially appreciated the remarks that were made on always looking for multiple path dependencies to protect a portfolio as we are always uncertain of the future. I have been thinking about ways to protect a cryptocurrency portfolio during market selloffs. Both Bitcoin and Ethereum sold off aggressively during the March turmoil and it is interesting to theorize on how these concepts discussed in the video could be applied to take advantage of the sell off and using that capital to purchase at the lower prices. There is certainly no VIX equivalent and the crypto options market is still nascent but it is growing fast allowing for some dynamic strategies.
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ASI am going to have to watch this two or three times. It’s dense, but there’s a lot of good ideas for how to trade vol here. The intraday trend idea would’ve made a killing in March.
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MSJason. I so agree with your view on alpha and benchmarking. Even if a long vol tail hedging strategy looses money over time, it can enhance the portfolio performance if sized correctly. So it doesn't necessarily make sense to look at the long vol strategy on a stand alone basis but one has to consider the portfolio impact it has of allowing capital to compound more efficiently over time.
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PJJason between this and your podcast, you are crushing it (I hope your PnL reflects the content). Best,
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DSWell done. I agree with Mr. Buck on fear. Even with a profit there is fear of holding, selling some or what. I enjoyed a lot of Mr. Bolesta's discussions about the markets around the world and different ways he trades. Thanks, DLS
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MDThanks Jason and Bastian - excellent interview. The vol aspect is to me a side issue (still important) compared to the intra-day intel from Bastian. I loved it - what I do. As I hinted yesterday, binary options are brilliant for this. Along the lines of how you were thinking too Jason, they can be used as "active" orders ie. instead a stop loss, use a binary option with a futures position. I didn't get to do much of that - my broker shut me down.... (so I am locked out of binaries and just "futures" ). The intra-day correlations across markets is another "secret sauce" idea too. I don't use it in the same manner as how I believe Bastian might as I am not losing sleep watching European and US indices (live) - yet there is a lot of information contained in these correlations. Cash markets v futures. The way you put draw-down v profit is something I have been trying to think of how to explain to people - they ask my return and it's like - I don't think like that, as I put up some margin for a binary - (like you said yesterday, psychologically tricky for some to put up their max loss before the trade has started) - and then if (when) I am correct, I end up with profit (and margin returned). The psychology of intra day is more positive too, along with the other benefits detailed here. Yep. Great interview. Thanks. Nice ending too by Bastian.
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APJason, I love what you guys are doing at Mutiny to make managers like this accessible to retail investors. It's incredibly valuable.
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JRExcellent interview! thank you Jason and Bastian. i got a kick on the how Volatility taste. the chart deck is very interesting.
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JFHi all, I really recommend you check out the chart deck in the description. Bastian supplied us with some excellent charts that give a visual example of the extremely sophisticated trades he's putting on. Glad to see you've enjoyed the interview. Bastian really is a pro's pro, and this interview is the most technical of the three pieces Jason did with us. Tomorrow Jason will be interviewing Chris Cole, and they will be exploring volatility through a more macro lens. -Jack
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TEThis series has been excellent, and this one is consistent. Many thanks to you both.
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KWJason, Jack, Is there a book or a good online resources to get familiar with vol?
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PGInteresting, learned quite a bit!
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CMIntense. Thank you.
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APAnother amazing interview. Please have Jason Buck on more often. I think these last few Vol interviews have been like mini master classes in themselves. This is quality real vision that I signed up for.