Asymmetry is probably one of the most overused terms on X.
Seeing many set-ups that purport to be asymmetric in nature: most likely in the context of being long a common stock and generally lacking a defined timeframe in addition to having wildly overstated right tail distributions
What truly defines asymmetry in my mind are two things: (i) a very tight and quantifiable downside and (ii) an appreciation for probabilistic outcomes and time decay
To illustrate this I will give you two perhaps counterintuitive examples involving (i) bonds and (ii) being short (which most would probably associate with downside asymmetry)
Deep | The Art of Asymmetry
Expanding the toolkit
