The Bank of International Settlements (BIS) is the accountant for the derivative casino, $500 trillion notional exposure or multiples of global GDP and 40 times the US market for Treasury Securities.
Inside the numbers is the traffic in equity linked derivatives swaps and options. Most are in US and European equities.
The striking number is that the other financial institution category is short option premium (short volatility)
The spike and continued elevated level of volatility will expose the over margined and under hedged suspects
To wit to be long the folly of short vol is to be long faz
Inside the numbers is the traffic in equity linked derivatives swaps and options. Most are in US and European equities.
The striking number is that the other financial institution category is short option premium (short volatility)
The spike and continued elevated level of volatility will expose the over margined and under hedged suspects
To wit to be long the folly of short vol is to be long faz
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