Actually, as a buyer of an option you do not have an obligation to take the shares. You can opt out of auto-exercise; it can be done for a...
Something smells here. Either the leg liquidated was the short one (ok, even that makes little sense since I'd imagine IB has enough...
Did you do that over the past 2 days? :)
I am not sure what IB paper execution does, but limit orders are very hard to simulate if you take into account the position in queue for...
We are supposed to bow in awe! This said, a small gain is better than a large loss :)
Counter anecdote. I have not eaten meat for 30 years. Over that period I completed a PhD in physics, worked for several top ranked investment...
Wrong. There are active HFT participants in all of the assets classes you've listed.
People have been doing stupid, nasty shit for thousands of years. It does not mean it's the right thing to do. If someone feels compelled to go to...
In real life, all machines doing the actual trading (i.e. connecting to the exchange and submitting the orders) are running Linux. So if he's...
I assume you go through this whole thing to provide liquidity and avoid paying bid/ask. Do you think you are actually getting an improvement over...
Actually, these blowups are more of an agency problem, not a risk management problem. Option sellers in the OPM space blow up because they are...
I don't need a book to know that wealth is accumulated by spending less, making more and investing the difference. Even "live frugally" is not...
You think that stuff is relevant in the modern world? I have skimmed through the The Millionaire Next Door and found it to be very dated.
Strong conviction. Does that mean that you're outright short via delta-1? While I am cheering for the market to implode, I'd not short it. It feel...
In my experience, actual financial blowups in the institutional finance are driven by risk management specifically. Of course, there are some PMs...
Will come in handy if there is a zombie apocalypse due to corona virus too!
Thanks! I don’t know such a thing exists, gonna use it for weekend indicators.
Where do you see that? PS. Actually, conditional on his nomination, the probability of him becoming a president is roughly the same as before (~60%)
As a side note, the volumes in these contracts are statistically significant. For example, democratic nomination traded 500k on Friday. It’s...
Exactly, that’s what is implied in the betting markets. I just looked, he’s now at 38% to win the presidency and his nomination is at 66%. You...
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