Shane Glynn
@cno
Some men will literally sell $1M puts for $27k instead of learning how to price options.
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timdaub 🥝
@timdaub.eth
this also confused me. I don’t get this financially much, but since his side of the bet is broadly considered the more unlikely, couldn‘t he have bid less and the other side would have had to take the bigger position? Not sure tho, because his big confidence of USD going to zero flips the odds in his view, right?
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Shane Glynn
@cno
One view is that it’s beer money for him, he can afford to throw around $1M to make a point and get some press.
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timdaub 🥝
@timdaub.eth
credibility is also a currency that is priced quite highly these days and so I don‘t buy that theory
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maurelian
@maurelian.eth
Sometimes there’s an opportunity to spend a bit of cred for a lot of attention. https://twitter.com/thestalwart/status/1636521046953041920?s=46&t=QiZu_7RbzbjKl7eMyW7XRA
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timdaub 🥝
@timdaub.eth
so balaji is a geniuous?
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