Offhand, it looks like you are using the wrong probabilities. Assuming your 45.52% of max winnings is correct (which I'm not sure it is), the...
Actually I already said this, but regardless its an important point. If you take a position at a B/D its almost always required. However, they...
I disagree, they look for intellect, drive and passion more so than a particular degree. There are so many finance majors recruited in the...
Just curious, why does it matter to you?
I work in the industry, have recently gone through the process and so have many of my friends, and help recruit for the firm. Sure, its...
You're confusing my arguments, I was speaking about HFs and quantitative degrees. Most HFs do not require mathematics/CS background. On the...
You don't need to be a math or CS major to get a job at a HF or Prop firm, it is certainly a path, but not the only one. I would recommend...
This is one of the worst things I've read on this site. I'm glad the OP responded "Never"! Smart kid. To the OP: If you feel uncomfortable...
Delta-neutral strategies can also make money from time decay.
Yes, that example is a pure arbitrage. There is no net position, you collect the .1 risk-free. And this absolutely happens in the OTC market. I...
There are two possible explanations, likely its a combination of both. First, Delta is not constant, it also has a rate of change (gamma)....
Definitely true.
Ok, I misunderstood your initial view, really you were playing the downside. So essentially you were banking on the fact that a rally would...
Of course there is theta, it's just like any other option... it just so happens that the underlying is a type of vol. It's similar reasoning as...
Ok I get what you're saying now... but I would have thought you would have been hurt from the huge spot increase. Why don't you just sell vol as...
I don't think I'm following what you're saying... can you clarify?
ER is a step in the right direction. It's important to get something on your resume that you can leverage when interviewing for S&T positions....
Will people please just stop saying a CC is less risky than a NP... they are the same damn payoff. Limited upside with unlimited downside (fine...
Ok... well yes very true... but things like : +Underlying -C = -P is just a fact. It's synthetically the same, and if they are not in...
Go Blues! :D
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