Wowza $XIV: they made an exchange-traded note to sell the inverse of volatility.
That's, well, that's a product where what you think you are buying and what you are actually buying might differ in very material ways and where you *really* need to understand the fine print.
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"Here's a hand grenade. I will pay you a premium of
$X per day you hold the hand grenade. It's the best performing hand grenade in the market and has never exploded yet." "But it can explode?" "Yeah read the prospectus." "I'm sold, if it is the best performing hand grenade."Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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