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CAPITAL ALLOCATORS Assertion Supported
Redleaf: Structured derivatives bypassed institutional restrictions on direct option writing
“There were lots of sort of institutions that could own a single security that was a covered call, but they couldn't own the stock and write a call. So it was an option product to be marketed to institutional investors, opposed to, you know, sort of the standar…”
Andy Redleaf Apr 2, 2018 ▶ 20:47 Andy Redleaf - Evolution of Markets (Capital Allocators, EP.46)
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