To clarify: by this, Taleb means simply that there are no options on bitcoin (there aren't any, right?)
With options you'd buy OTM puts. You could maybe even succeed purely on rising vol if they crank up the volatility even higher to 11 :-)
With options you'd buy OTM puts. You could maybe even succeed purely on rising vol if they crank up the volatility even higher to 11 :-)
>To clarify: by this, Taleb means simply that there are no options on bitcoin (there aren't any, right?)
This is what he said. "Very big point. Futures that don't have deliverables require a very, very deep market. Otherwise someone long the future can push prices higher at settlement time with impunity, by "locking" profits (never having to resell a deliverable)." (https://twitter.com/nntaleb/status/939852491130396673?ref_sr...)
>Commodity Futures Trading Commission (CFTC)—the federal agency that does regulate futures trading. (https://www.sec.gov/fast-answers/answers-cftchtm.html)