The suprising correlation between a turkey and a short-gamma trader
- Posted by PeterLBrandt
- on November 21st, 2012
A short gamma trading strategy involves being naked short options (often slightly-out-of-the-money short dated options) and collecting the premium
Short gamma traders can be profitable month after month after month and year after year after year – until they go broke. In this respect, a short gamma trader has the life cycle of a turkey.
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Peter Brandt entered the commodity trading business in 1976 with ContiCommodity Services, a division of Continental Grain Company. From his start in the commodity industry, Peter's goal was to trade proprietary funds. But, he first needed to learn the business. More »