The trick with long gamma is to kill the trade/hedge at extreme moments (or inflection points) on the vol curve or vol environment. It’s not...
Would be good to see 00/01 and 07/08 years, and also to discern this apart from simply having a high beta portfolio.
Probably that their team is comprised of former market makers and floor traders. They understand the proper way to use options as an investment...
Well, PRC177f.. sounds like you've got it figured out. Good for you. I also recommend Wilmott. They are a London shop that is a frequent...
Listen, I know it sounds really smart to go an be self taught. That's fine, and probably a good idea if you're playing with a replaceable amount...
Edge for vol is the same as edge for anything else. Vol edge is within it's own context but still must adhere to normal rules - either it reverts...
I would interview a bunch of ex-floor traders too, and they'll probably give you a sense of what you'll be up against. My guess is you don't go...
I wouldn't play the role of a liquidity provider unless you have an edge providing liquidity.
I think the edge is in the structure of the trade + vol perspective. Some people find it much easier to make forward vol estimations than...
OptionPit is the best option educator in the busines. I know their team, and they are probably one of the few consultancy firms that employ...
Yes much value. There are several parts to strategy building. 1) Merging your trade ideas with fundamental economic laws 2) Merging your...
Yes the basis for some of the ETFs is small and so I would need a ton of contracts, probably excluding me from their use unfortunately.
Thanks. I think I'll be in that market, also looking for options on currency futures. Globex seems to have some but my screen is not showing a...
I'm looking for suggested products and underlyings to trade options on commodity and currency futures. My broker is IB, and so if possible I...
I think you've got several strategies happening all at once. What I would do is find out exactly why you're trading what trade. For instance are...
why would you want binary options when you can just buy vertical option spreads? The only reason this would be fun is if you could be on...
Sell out the position and move on. If you think a time spread is still the right play for MSFT then just reestablish at the right strikes, but...
Ive known Locke since he started trading with Dan Sheridan's crowd in 06/07. Honestly, i wouldnt do anything he promotes, and recall that he was...
This was funny, made me laugh. Always had a problem with IB and Timberhill being so connected.
It's taken a bit of work to get them to this point, but I've managed to convince a few traders to always have some Taleb style units on both ends...
Separate names with a comma.