The Sharpe ratio doesn’t capture what keeps me up at night. $371M in gross notional does. But when every short call is delta-hedged by the underlying and every short put is a pre-agreed entry into a conviction position — the tail risk narrative changes. Structured leverage isn’t leverage. It’s architecture.
Have spent at least 50 hours researching $ACHR recently. Higher risk high reward scenario potentially a 5X in next 24-36 months. Currently trades at around $6