Yes the old strategy of picking up pennies from in front of the steam roller. Al... | Hacker News

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		danieltillett on Aug 24, 2015 \| parent \| context \| favorite \| on: China Stock Market Drops 8.5% Yes the old strategy of picking up pennies from in front of the steam roller. All goes well until you get attacked by a black swan :)

eru on Aug 24, 2015 [–]

Write options that are barely out of the money, buy options that are way out of the money. That'll limit the size of the pennies you pick up, but can also limit the size of the bulldozer.

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