The model used to price is probably not pricing borrow correctly. the stock might be really hard to borrow and a result the puts are more...
One of the problems I have had about the "Black Swan events" is that even if you are long them, you may not profit. 2008 was a spectacular year...
I am not sure, but I suspect a lot of the money in this fund is the founders. I remember reading an interview with him in Trader Monthly where he...
Separate names with a comma.