They have been willing to pay a higher price (as measured by implied volatility) for extreme out-of-the-money options than for contracts that insure against smaller market declines.
When markets are booming, or even just stable, selling "out-of-the-money" put options, with a strike price far below the current market price of the asset, is a route to easy money.
当市场繁荣或较为平稳时,以远低于标的资产市场现价的执行价格卖出“价外”卖出期权根本就是在捡钱。
3
You're not telling me he offered to lend you themoneyoutofthe goodness of his heart?