I think the OP's question is simpler than that. It sounds like he just wants to go long puts to lock in a sell price for his long underlying pos....
Orc also has a spreader. They have a webinar here -...
yes - you sold it for 11.35. then at expiry, the owner of the put sold the underlying to you at 110. You then buy it back at 108, this is the...
without having the book on hand. I'd say he means you bought it, held until expiry (which means all time value has eroded). hence, the profit is...
Depends on what you have claimed you know on your CV. If you say you know options, they'll probably ask you about options.
rough calculation is done in your head. Its 6 seconds per question.
Orc has access to all the markets people have mentioned so far, across a variety of brokers.
you've got to be kidding. You want to be a market maker??? 15, 29, 56, 108, 208 ...... double -1, double -2, double -4, double - 8 and so...
Whilst they would have a bloomberg terminal...that's not what they use to trade. I'm sure its a culmination of a well known ISV(s) in the...
Err... you assume that same strike for 6 months options will be ATM? Interest, divs? Anyway - delta of contact * contract = Delta of position....
incorrect - the test is negatively marked. get everything right and do not skip questions.
Hey, I have used Orc Trader. Have not used Edge Specialists. Across which markets are you trading? Out of what location? Happy to compare notes...
If you answered every question then this is a solid result. I'm not aware of many people 'finishing' the test.
What did you put on your resume? Anything you said you know on there they could ask about. If you have mentioned you've studied options theory,...
I think the pass mark is different for different offices. I've heard pass marks ranging from 50 - 57. The commas are common to the dutch market...
$300K is not serious money in this game.
Probably true. Less market makers on the OSE, HK, Tokyo, etc. But the spreads in Aus are notoriously wide compared to euro/us markets, so...
I hope this is true.
IMC are not young and inexperienced. Tibra are no longer startup. Optiver are no harder to get into than the others. You are right about...
Aren't Timber Hill number one in Aus? How do you determine number 1? Is it the volume they are putting through? The profit they make year on...
Separate names with a comma.