New Era of Stock Supremacy Turns Tail-Risk Hedging Upside Down
- Rather than avoiding losses, investors fret over missing rally
- Volatility dynamic shifts as the VIX moves more with S&P 500
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Just months after the pandemic broke out, Dennis Davitt was busy pitching his bearish investment fund to panic-stricken clients prepping for the next market crash.
These days though, the former Credit Suisse derivatives chief is on a different capital-raising mission altogether: Selling amped-up bullish options strategies to institutional investors fearful of missing out on the next stock boom.