The tradeable idea out of a spirited tasty CRUMBS debate: Cem Karsan argues that if you expect a steep, volatile market drop in a narrow window, you do not have to short anything. You can express it asymmetrically with options, defined, low risk relative to a potentially large payout, which is a very different risk profile than being outright short. Jermal Chandler pushes back hard on the size of the move, and the back-and-forth over how far markets could realistically fall is the heart of the segment.
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Chapters
00:00 Debating the size of the drop
00:45 Currencies are the real tell
01:20 The euro and French bonds
02:00 Could markets really drop that much
03:00 Markets are managed, to a point
04:30 The long-term capital management lesson
05:30 Leve...