This may be of interest to a few. I’ve recently placed a small bet on TAIL and wanted to learn more about how it works. The fund utilizes put options for defense. Seemed like a better defensive approach than inverse funds. This article doesn’t pertain to TAIL specifically, but helps understand the fund better.
I don’t agree with all the advice in the article - particularly holding much cash (but I do invest in short-intermediate government & other investment grade debt to some extent). Also mentions gold. Just know that precious metals / miners are fraught with peril. Took off like a jack-rabbit out of h
... today after the hot inflation numbers.
The article explains how put options
work better than anything else I’ve come across. Even my dense brain finally understands what they are.Article