>Why would any non-insider participate in these markets?
Because they are grossly mis-priced for anyone mildly informed.
If this were the case, deeper and more informed pockets than yours would take the opposing position until there’s no more alpha to be had.
Did you get rich off these markets? If not, how can you say it's true?
If this were the case, deeper and more informed pockets than yours would take the opposing position until there’s no more alpha to be had.