Ouch, that's a long time.
That deserves an award for nesting/stacking redundancies. As for everything else, may God have mercy on your soul. To the OP... Never saw good...
Yes, that would be Taleb. Think selling call or put spds. Then buying an extra teeny call or put.
Full Metal Jacket Part II - SJW's Go to War All Starbucks baristas, please report to Gunnery Sergeant Hartman.
Curious, does Taleb anywhere suggest a 'specific' approach of just buying OTM options? Or is that assumed to be his approach based on his comments...
Mom, he hit me first. Really? Nope, keep going... see if you get there. Those that get there backs up against the wall and only try to defend...
He's correct, you're incorrect, and this last response of yours was shamefully irrelevant to the argument.
No, you trust the person who tells you that you are entering a game where you are playing with the most complicated product in all of finance....
Tomaz, You seem to be a nice guy, but that's a negative gamma vs Vega spd, from a risk analysis perspective
I was exhausted, and no longer took pleasure in doing it. So I stopped.
Oh no, I was a total knucklehead. I just wasn't allowed. I was working for three months when the NCAA tournament rolled around. They had bets...
Funny, I thought of it as arbitrage. I've oft-times referred to myself here, as a non-directional trader. ... but because of you, I asked...
That's all I saw when I ready your post. Not saying you can't do it starting at 27. But you are kinda in the position of Sisyphus, standing at the...
Holy shit. That's fucking gold. I saw it and first thought, you have to be fucking kidding me, I'm not going to watch some two hour video. Clicked...
I agree with everything you say, and the results are as I expect they would be. But the reasoning for skew is based on how I see options, not how...
I assumed you would. The paper looks at it as sell put. Put expires worthless. Seller collects the premium. It ignores any hedging. I look at it...
Also, very iffy to analyze options in that manner, as it entirely ignores dynamic hedging. Law of big numbers might make it less terrible, but...
Yes, large hedge funds hire inexperienced traders that need to be trained. You are obviously well acquainted with the industry. Where do I sign up?
Yes, I forgot. skewness is a mispricing. (I'll assume you meant overvalued and not overrated). Thank you for reminding me.
Eddie said it perfectly. The market-maker is just the bookie. The casino at the craps table. Your mistake is not having a conflicting opinion....
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