Are we back on EIA’s? The wet dream  of the insurance industry. What are they"? in actuality its a ‘security’ with a long put and a short call, both out of the money. Why is this relevant? Because there are markets for puts and calls, and the benefits of an EIA can be synthetically created for your accounts wherein the over lying options are dynamically rebalanced to achieve Delta neutrality.  

Al Goldman is “bullish” on the market again…sigh.