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sle
Registered: Apr 2003
Posts: 1609 |
06-14-11 09:36 PM
Quote from DerivativesG:
You sound like you are out for a pissing contest.
But of course I am  The whole point of posting on this web site is self-entertainment. Entertainment is important to me, especially now that my market is half-dead (well, today is a notable and pleasant exception).
I am still unclear why you would not buy a one month straddle. If you truly are a hero you claim to be, I'd love to hear your explanation.
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IV_Trader
Registered: Aug 2005
Posts: 1936 |
06-14-11 09:42 PM
Quote from AAAintheBeltway:
Because of his nuanced understanding of vol, gamma scalping, theta decay, etc? The guy barely knows the difference between a put and a call.
The only responsible advice to him is forget trading straddles until he can trade the underlying profitably and has a clue about forecasting vol.
lol ; +100
Hey Falcon - forget options and start trading vix switches...
Shouldn't take you too long to "figure it out"
J/K
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DerivativesG
Registered: Mar 2007
Posts: 58 |
06-14-11 09:55 PM
Quote from AAAintheBeltway:
Because of his nuanced understanding of vol, gamma scalping, theta decay, etc? The guy barely knows the difference between a put and a call.
The only responsible advice to him is forget trading straddles until he can trade the underlying profitably and has a clue about forecasting vol.
No need to insult anyone.
Neither you or anyone is born with this knowledge, we all learned
as we went along.
He might barely know his stuff but he can still learn and educate himself.
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DerivativesG
Registered: Mar 2007
Posts: 58 |
06-14-11 09:58 PM
Quote from sle:
But of course I am The whole point of posting on this web site is self-entertainment. Entertainment is important to me, especially now that my market is half-dead (well, today is a notable and pleasant exception).
I am still unclear why you would not buy a one month straddle. If you truly are a hero you claim to be, I'd love to hear your explanation.
LOL Do fill us in. What is your market?
Because straddles on the underlying which I chose work if I give it 60-80 days.
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sle
Registered: Apr 2003
Posts: 1609 |
06-14-11 10:20 PM
Quote from DerivativesG:
LOL Do fill us in. What is your market?
Interest rate options (BFOs/STIRO/Swaptions/CurveOptions etc). I am glad you are laughing...
Quote from DerivativesG:
Because straddles on the underlying which I chose work if I give it 60-80 days.
JGBs, for example, don't even have anything liquid option-wise trading past the front month. So I get 30 days at most.
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sle
Registered: Apr 2003
Posts: 1609 |
06-15-11 03:15 AM
Quote from DerivativesG:
I have a total experience of 16 years at not ONE single investment bank but also a very famous MM and a hedge fund
In general, you want to remember what your wrote a few years ago before yapping about your 16 years of experience. A single look at your previous posts shows that your first message here was:
Quote from DerivativesG, written on 03-27-07 11:32 AM:
Hi,
I am at the crossroads right now. I am 32 yr old female, living in Germany, have worked in investment banking and hedge funds in the operations/back office/middle office departments as an FX/Futures/Options operations/middle office execution clerk. From day one I always wanted to get into trading. This is actually why I started off in operations, I thought I can easily slip into a trading role. When I first started applying for trading positions, the feedback was that I did not have any experience in the field let alone trading. I had two great offers, one I turned down due to personal reasons (my dad was very sick and I had to be close to my parents) the second offer I turned down cause I heard through the grapevine company was going to close (it was Refco). Throughout I have traded here and there but did not file my broker statements. I did however have a trading plan and stuck religiously to my plan. There were times during the years when I could not trade for a while because of the compliance rules I had to adhere to due to my workplace. Anyway, after looking around for a trading job, and also being aware that many others are trying to get into such positions, I am thinking about going prop but this time around with a more disciplined approach i.e. doing appropiate archiving of all my documents and forming a track record. Any words from the wise on this board who have followed a similar path?
P.S. Do you guys think I should also still apply to local traders positions although I have no considerable experience and obviously I am not a 20 year old?
So what is it and what exactly do you trade right now?
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