Probably, but it doesn’t need to be a pure strategy. A normal portfolio hedged with a bit of crash insurance in the form of deep-OTM puts can be a sensible play in ordinary times. I don’t know how many people actually do that, though—judging by the market size, not many.
Probably, but it doesn’t need to be a pure strategy. A normal portfolio hedged with a bit of crash insurance in the form of deep-OTM puts can be a sensible play in ordinary times. I don’t know how many people actually do that, though—judging by the market size, not many.