Список проголосовавших за комментарий "bstone, хмм. Странно это всё. Синклер пишет что смысла нет:<br/> But even if you are the smartest trader in the world, with the best model, selling OTM options (usually puts) will expose you to the same risk as the dumbest trader. In a crash you won't have time to adjust and you will get hammered. This isn't necessarily a problem. A lot of this can be dealt with through conservative trade sizing. Selling put to earn 10% a year is sensible. Selling puts to earn 10% a month is suicidal.<br/> <br/> But most professionals don't do this. There are a couple of reasons:<br/> <br/> the risk (obviously).<br/> this strategy is really just harvesting a risk premium. Any sensible trading firm is not going to pay a trader to do this. It is just beta. If a firm wanted this exposure they could do it themselves very cheaply.<br/> <a href="/r.php?u=https%3A%2F%2Fwww.quora.com%2FHow-do-traders-exploit-the-volatility-skew-surface&s=3608534614">www.quora.com/How-do-traders-exploit-the-volatility-skew-surface</a>"