How An Exotic Investment Product Sold In Korea Could Create Havoc In The U.S. Options Market
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 20 January 2020
⏱️ 53 minutes
🧾️ Download transcript
Summary
What's the connection between low global interest rates, Korean retail investors, and the U.S. options market? On this week's Odd Lots podcast, we discuss the fascinating world of Korean structured notes with Benn Eifert of QVR Advisors. He explains how a very exotic type of investment sold to Korean retail investors could, through a series of hedging requirements, end up causing massive volatility in the market for S&P 500 options.
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| 0:00.0 | On December 4th and 5th, against the backdrop of the United Nations Climate Change Conference, |
| 0:05.2 | Bloomberg Green will convene the foremost leaders in business, finance, policy, academia, |
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| 0:14.9 | the goals set forth at COP28. Join our community of global influencers and |
| 0:19.5 | problem solvers in Dubai to build connections, inspire innovation and challenge the status quo in the |
| 0:25.1 | battle against climate change. Register at Bloomberg Live.com slash B Green Radio. Hello and welcome to another episode of the Odd Lots podcast I'm Joe Wiesn't all. |
| 0:45.0 | Joe, do you know what a super lizard is? |
| 0:48.0 | Joe do you know what a super lizard is? |
| 0:52.0 | What? Super Lizard is. A what? |
| 0:54.0 | A Super Lizard. |
| 0:56.0 | No, I have no idea. |
| 0:58.0 | Literally none. |
| 0:59.0 | Do you know what a Flash Lizard is? |
| 1:01.0 | Nope. |
| 1:03.0 | A double chats? |
| 1:04.0 | Were these animals that you encountered on your vacation? |
| 1:08.0 | Like were these like New Year, did you vacation somewhere exotic and see these lizards? |
| 1:12.8 | I did. Well, I was in Marrakesh and I did see some chameleons, |
| 1:16.8 | but no, this actually has nothing to do with the animals. |
| 1:20.6 | Oh. |
| 1:21.6 | It has to do with one of my personal favorite financial topics. |
| 1:27.0 | Okay, so what is a super lizard? |
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