I think you are right that they play the spread and actually make the MM look good if that is possible. I think the one thing that A/F's will do is provide a little peace of mind that your investment is somewhat safe. I think we'd run with them on the pinks big time, the greys I don't know but at least I would know my investment would fine if A/F's come out.
My posts are my opinion, make your own decisions. And remember, all fear is an illusion.
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