Inverses, Dispersion, and Melissa

Hey, I like the Red Sox too, so welcome aboard to the newest Met.

On Friday night, the Mets acquired 34–year-old OF Trot Nixon from the D’Backs for cash or a player to be named later.

He will wear uniform No. 6, formerly of the Ruben Gotay, Wally Backman collection.

Nixon told reporters that he used to watch the Mets on television as a kid, adding that he ‘loved’ Lenny Dykstra.

NOOOO!!!!!!!!! I wonder if he wants to subscribe to the redubbed "Suttmeier On the Numbers" newsletter.

OK, confession. Lenny was one of my favorite players too. 

Anyway, a reader makes a good point regarding my thought about selling calls in these Double Shot Inverse and Ultra Double Expresso ETF's. Puts are a buy too. I just have become reflexively conditioned to always want to sell volatility on index ETF's. Not that I do it that often, but the way I tend to view options is that if I am bullish on volatility for whatever reason, I look to buy it in individual names. And if I am bearish on it, I tend to use indices.

Sounds like The Dispersion Trade. But that's more of a formal combo wherein you go long gamma in individual names, and short it in an index. I sometimes over the course of time leg into that posture, but I rarely do it as a package. Very time consuming and capital intensive to get a position like that on in any kind of meaningful size unless you are standing in a crowd somewhere, or sitting at a big derivatives-trading desk. I like it more as a general concept thought than anything else.

Oh, and special thanks to Karl for sending me this link to a site apparently dedicated to the appreciation of French anchoring talent. Yes, goodbye productivity.