Equity stat arb is this, done across a universe of similar assets and at scale. Good implementations - normalize for common risk (sectors, countries, factors) - look at volume as well as price - use many time horizons - include short-term fundamentals to explain big moveshttps://twitter.com/goodalexander/status/1383992798265806858 …
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Many is less liquid markets would dream of days to weeks. Very normal to have a position on expiration with nearly every strike still open. Months and sometimes over a year is the norm.
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