Zero Days To Expiration

Pin the Tail on the Donkey


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Do you remember that game we played as kids at birthday parties? There was a picture of a tail-less donkey stuck to a tree, you were blind-folded with a tail with a pin, they spun you around and then pointed you in the general direction of the donkey, and your goal was to pin that tail right where it belonged. If you did it, you won the big prize.

Woo Hoo! That is the essence of asymmetrical trading. We've got nothing to lose and everything to gain. Just put our faith in the strategy, and the market will either pin us, or it won't The cool part is that we win big prizes for the pin, AND we get great conciliation prizes if we miss.

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Zero Days To ExpirationBy Ernie Varitimos

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