If it's the underlying is mean reverting, isn't that a foolproof money making machine ? I'm not sure why this sounds like a dumb proposition to...
As a follow-up, since you can't buy VIX shares, is there a way to implement this with synthetic covered calls and puts ? Looks like guru might...
Thanks !
Hi, I've heard of a strategy for harvesting profits from a mean-reverting underlying that involves alternating between selling ATM covered calls...
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