Optionality and Convexity

<p>When you take risks does it have to be all or nothing? Ideally you would like your risks to be small, and the rewards to be big, and if possible a back door, so that you can turn things around that appear to be going sour. That is optionality, choices, multiple good or better or not so bad outcomes.</p> <p>We discuss these concepts and how our 0-DTE strategy embraces them.</p>