Assenagon's Daniel Danon: Fear & Loathing In Lost Vega

Sick and tired of buying protection? Over the last couple of years, buying outright protection on equities by means of options was challenging. Indeed, a lot has been advertised on how to manage tail risks, how to protect your equity portfolio using options or how to benefit from low levels of volatility. The bottom line is that we are on average terrible at forecasting the future, and directional trades often leave behind a trail of lost premiums, which after years can leave a bitter taste.