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Re: Credit Spreads
Now that you are filled Tin, that is telling us that someone out there is speculating that the market will reach either of the levels and if so, they will cash in, correct? So from their point of view, they are spending a little to hopefully make a lot, even though the odds are not in their favor?
Just trying to get a handle on both players here.
You are playing the probabilities and saying I'll collect this 'small' amount b/c the odds are really in my favor. The other person is saying I will pay this 'small' amount b/c I am paying so little for it.
Am I getting there?
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