1) Quarterly Mar expiry forced many terminal hedges to roll out to April. The maturity chosen for hedges/plays in this ME/Trump environment is critical. Too short-term and it is often wasted premium, particularly with elevated fear/Put Skew. Puts funded by Calls risk resolution.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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