As of now, the puts are under water, perhaps to the tune of $3 billion. Arguably, Buffett was too early. If he had sold the puts recently, he would have generated enormous premiums because of high market volatility. One volatility measure i...As of now, the puts are under water, perhaps to the tune of $3 billion. Arguably, Buffett was too early. If he had sold the puts recently, he would have generated enormous premiums because of high market volatility. One volatility measure involving the S&P 500, the so-called vix index, has doubled since June 30 to over 50%.展开 |
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