You're not fit to shine the shoes of any of the locals I know. You're implying there is edge in legging your position. What other rationale would...
Your assumption that it's trivial to earn the spread; buying the bid and selling the offer, that's what's retarded. You sound like a piker....
This is retarded; you leg into the spread? So you're the upstairs trader earning the positive-expectation from the scalp. Damn! What's the point...
It's a short time-fly; less gamma than a vertical fly, so it won't perform as well in a blow-up.
Time spread risk is defined by the term structure of stat-vol, and implied-gamma. Back months exhibit much less stat-vol than the front month....
Nitro, This position doesn't require any gamma hedging; you won't know you're f^cked until expiration of the fly, therein lies the hole in the...
Again, just teasing. I knew there was something I liked about you, Mav.
That Mav is Taleb's lover; isn't it obvious?
Inference made from some posts I read in chit/chat which you've authored. I've been lurking here for a couple of weeks.
Alias? nah, a buddy from Wilmott told me about this board. Paranoid?
I bet the same can be said of your cat. :eek:
It's not a matter of telling someone what will work; the position has no implicit edge, other than negative. My nephew is 6yo; your cat must be...
I trade exotic energy derivs for a hedge fund, my nephew could model this sh^t on a matchbook; I think it's safe to say we all attended high...
Crude is a local's market; very tough to trade w/o access to order flow, especially in light of its recent vol. I trade vol for a hedge fund and...
This "POP" suffers from a "gamma hole" at the fly-wings. I can't imagine trading this thing; unless you're trading into the gamma/theta parabola...
Separate names with a comma.