Evergreen Cash Is An Option On Volatility

#garden #evergreen

Cash is an Option on Volatility

Cash is not merely liquidity; it is a call option on market distress with no expiration date and zero strike price.

The Seagull doesn't hold cash out of fear. It holds position, and moves when the tide actually turns.

TELEMETRY

BITCOIN SPOT: $84,471 [▲ 0.42%]///GOLD SPOT: $4,321.20/oz [▲ 0.54%]///SILVER SPOT: $64.80/oz [▲ 1.25%]///S&P 500: 7,743.41 [▲ 0.51%]///U.S. DEBT: $40.07T [■ Treasury]///10Y YIELD: 5.18% [▲ 0.43%]///BITCOIN SPOT: $84,471 [▲ 0.42%]///GOLD SPOT: $4,321.20/oz [▲ 0.54%]///SILVER SPOT: $64.80/oz [▲ 1.25%]///S&P 500: 7,743.41 [▲ 0.51%]///U.S. DEBT: $40.07T [■ Treasury]///10Y YIELD: 5.18% [▲ 0.43%]///BITCOIN SPOT: $84,471 [▲ 0.42%]///GOLD SPOT: $4,321.20/oz [▲ 0.54%]///SILVER SPOT: $64.80/oz [▲ 1.25%]///S&P 500: 7,743.41 [▲ 0.51%]///U.S. DEBT: $40.07T [■ Treasury]///10Y YIELD: 5.18% [▲ 0.43%]///