Quote of the Day: Volatility

Wednesday, March 19, 2008 | 02:00 PM


“There’s a saying on the options floor, that you buy low volatility and sell high volatility, but when it gets very high, you buy it,” he says. “High volatility, you sell, but extremely high volatility is telling you something, and markets tend not to price in that kind of move.”

-Steven Gross, a principal at Penso Capital Markets LLC

Excellent observation. . . 


Making A Bundle Shorting Financials
David Gaffen
WSJ, March 17, 2008, 11:52 am

Wednesday, March 19, 2008 | 02:00 PM | Permalink | Comments (24) | TrackBack (0)
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Can anyone explain this a little more? I am not completely sure I have benefited from this post.

Posted by: American ZIRP | Mar 19, 2008 2:04:47 PM

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