a very difficult day. could not figure out what the mkt was thinking. carryover positions from 2011 saved the day. +3k njrookie
Hi Epic and Heech, I have gotten many inquiries from friends and families for managing their money. I currently set up an unregistered FA...
70+% on retail account (IB PM); low six figures; 3+ sharpe; two dd: ~10%; ~5% this is my 3rd year trading. goal for 2012: mid six figures...
finally done for the year. +1345
a boring day, but not too bad. some overnight carryover positions paid off. just one more day to go. cannot wait to close the book.
was not expecting much action. will take it anyway. +$4600 njrookie
anyone wants to summarize for the year 2011? to get the ball rolling ... 70% up 3.2 sharpe ratio almost 10% dd during the summer njrookie
his three new books are much easier read. he said he made about 25 cents per hour for writing the book. i agree. he had a void to fill. i feel...
Maverick, I do not understand the analogy to AAPL EA. For apple, everyone knows there will be news and waited. So the vol is condensed and then...
Atticus, If option expires within a few days of EA, the IV is the mkt expected size of binomial movement of stock in response to the news. You...
Yes. Could not have said it better for the effects of earning announcement or other major events on IV. The entire probability density b/f...
NONSENSE. That hurts :) njrookie
Maverick, While I certainly respect your experience and knowledge in this industry, I have to disagree. When you sell VIX future and then...
I guess normalcy means the vol future term structure is upward sloping now, just like a normal yield curve. Both Jan and Feb futures dropped...
My understanding of $VIX is that it is based a model-free variance swap formula. Effectively it is a weighted average of option implied vol. Here...
My reading list (in order): 1. two books by Tony saliba 2. McMillan 3. Natenberg 4. Cottle 5. Sinclair Then some more academic...
Despite slow market / grinding up of SPX / holiday shorted expiring cycle, VIX futures stop going down since TH AM. What is going on? I am...
There is nothing wrong using options to trade the underlying. I think it in terms of a delta/direction bias. Options help to reduce volatility of...
A more appropriate word for "inefficiency" should probably be "bias". njrookie
option mkt has some inherent inefficiency because equity market is net long and risk averse investor/fund manager can rationally justify paying a...
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