MILESCFA

Mitigating Gamma Losses

Gamma is easily ignored until it bites you on the ass. Once bitten, you begin to take notice. I try to take profits when they've "been made" but all too often I'm greedy for the last "nickle or dime". Gamma is what has finally taught me to "stop picking up the pennies" because too often those "not-so-elusive" black swans bites my gamma on it's ass!