Mike Shell | Asymmetry®
@MikeWShell
Investment manager of ASYMMETRY® | Managed Portfolios for asymmetric risk/reward. Edge, trend, momentum, convexity, optionality, flows, sentiment, volatility.
Delta is the hedge. Gamma moves it with price. Vanna moves it with volatility. Charm moves it with time.- Even seizing every dollar of wealth from America’s richest billionaires and taking all corporate profits wouldn't come close to funding the Democratic Socialists' projected $212 trillion agenda - leaving the middle class to foot the massive bill.
- Everyone's buying calls to chase the rally. Nobody wants puts. So the asymmetric bet is now the crash protection nobody's bidding on.Spot up, vol up. Skew crushed. Dealers long gamma, with tomorrow’s implied S&P move at just 0.41%. The calm is being reinforced by positioning, not broad conviction. Low vol feeds systematic releveraging, which can feed even lower realized vol. Meanwhile, downside convexity is
- Spot up, vol up. Skew crushed. Dealers long gamma, with tomorrow’s implied S&P move at just 0.41%. The calm is being reinforced by positioning, not broad conviction. Low vol feeds systematic releveraging, which can feed even lower realized vol. Meanwhile, downside convexity is
