There is plenty of options for metals and treasuries. What are you having trouble finding? Maybe I can help. I know a thing or two about derivatives because of my background
1 Like
I really appreciate the offer.
What I’ve come to realize is that I may be overcomplicating if I start trying to hedge my diversifiers.
With equities, a crash is usually a volatility event as much as a price event — the VIX explodes and deep OTM puts reprice dramatically. That’s what makes tail hedging there so effective and somewhat repeatable.
Metals seem different to me. When gold drops, it’s typically more of a macro repricing than a panic, so volatility and skew don’t necessarily move in your favor the same way. I saw what you mentioned with silver puts yesterday — which is incredible, and very much the goal of my SPX hedging during equity crashes — but that doesn’t feel like something I could count on systematically in the same way.
So my takeaway is either to keep diversifiers sized appropriately (which I think I do), or to rethink whether I’m better off reducing diversifiers and relying more on equity exposure with direct hedging, which feels mathematically cleaner. It’s one of those situations where I’m fairly sure it’s the right move, but it’s still hard to commit to!
In any case, I am grateful for your offer to help.
1 Like
Yes it can get time consuming to trade too much.
1 Like