Corey Hoffstein ๐ดโโ ๏ธ
@choffstein
CEO & CIO, Newfound Research | ๐ฅ Return Stackedยฎ ETFs | ๐ Liquidity Cascades | ๐ Rebalance Timing Luck | โก๏ธ Risk cannot be destroyed, only transformed.
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October 2009
1.2K ํ๋ก์ ์ค 85.5K ํฌ
No boogeyman here.
Pretty much all the defined outcome products use FLEX options.
They're not OTC. They don't require an ISDA.
They're exchange traded and centrally cleared.
FLEX simply trades via RFQ rather than a continuously quoted market.
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Situational Awareness "purchased 'flex options,' a customized derivative, to amplify its AI trade."
Flex options aren't what you might use as a pickup move at Surf Club Montauk.
FLEX option terms are tailored to a specific buyer and seller. There's virtually no secondary market. Ooops
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