I’m guessing it’s to play both sides of the curve like Arthur Hayes was talking about in “Pumping Iron” In case rates go up and liquidity dries up and everything plummets. What instruments would be best? How far out of the money? What proportion? If it’s not the same thing Arthur Hayes was taking about could you please explain the difference? Any knowledge on this or where to learn about it myself would be appreciated.
Novogratz today: https://youtu.be/YmUp20wCn6Q
Arthur Hayes essay: https://blog.bitmex.com/pumping-iron/