Short-Volatility Complex Returns, Defying Wall Street Alarm
- Biggest risks are in vol selling, say investors in JPM survey
- Managers using strategy as source of carry despite warnings
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Here’s one to file under the market’s memory-loss.
The volatility complex -- the selling or shorting of options tied to U.S. stocks -- is back with a vengeance, shrugging off February’s vol-mageddon in its wake.