To hedgers: Adding insult to injury

[pzhon]

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phzon,

you are wrong. the hedgers not only lowered their variance but also increased their EV quite significantly (over $200) through bonuses.

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Non-hedgers could get the same bonuses.

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So could people who hedged 90%, as I have pointed out repeatedly. The existence of bonuses does not justify the mistake made by hedging 100%.