On a recent vacation, the course I was playing at assigned me a caddie that went by the name ‘Vegas.’ Right then I knew it was going to be a good day. (The score relative to the enjoyable time had was, to borrow an oft-used word of late, ‘mismatched.) But Vegas was offering more than just advice on club selection and before my approach on #1 (stuck it), I was hearing about his option trading and how he’d moved to a longer-dated strategy because he needed more theta. Of course. We could use some…
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