convexx's stfu journal

I'm going to go out on a limb and say most hedge fund traders are total hacks.....

 

Well, you cannot include Surf among their ranks as he's never traded professionally.

 

VIX closes higher on the day. VXX above 28 tomorrow.

 

I often take a directional bias. I can't really go into much detail other than to say the passive % of the portfolio is primarily invested in narrow-strike // long duration index flies in which I am modeling gains on a wing touch. It's robust and not terribly capacity constrained.

I spend most of my day legging into inside/outside combos to arbs.

 

What's considered narrow in percentage terms?

 

some money managers that i,ve met ex morgan stanley and etc are more into equities picking. they dont understand futures nor options trading at all

 

Thanks for the journal.

Along the same lines newwurldmn questions, what is long duration for you?

 

when u say arb do you mean mostly box spread type arbitrage ?

 

Yeah, mostly.

NDX off at 8.25. Not worth mentioning the gain.

Long the GOOG 550/580/595 call 132 asym from 15.90 mid.

 

Strike touch by the end of the week is likely. Long the Sep5/Sep12 1990 put spread. 4.00 mid. I am long something similar.