Dirty (sic) Dispersion!

I agree. Selling correlation is a graveyard style trade. You spend have to short extra index vol to avoid bleeding and then spend all your time trying to justify your gap risk. And when sht hits the fan, your book explodes in size.

 

LMAO

 

What is NP btw? NuclearPhynance ?

That Capital Structure Demolition company seems pretty rad... funny at the very least...

First thing you see when you visit their site is

"All Your Bond Are Belong To Us"

 

Yeah, Nuclear Phynance forums. A great resource for more quant stuff.

 

Out of this yesterday, small change today (from avg out). Will go over fills and ratios later, but this won on primary and hedge.

 

Looking forward to it, but got to ask whether you had expected both ends to work out?

 

Expected to lose on QQQ.

 

A little over 3 (3.2:1) QQQ per 1 lot constituent. So it was a a good credit at inception.

 

Wow i'm in the right place here.. Yay

 

i love in that article.. you posted..

"Well, dispersion
sounds more cryptic, and hence it’s easier to impress
people with it. Period. And it’s Greek in origin, making
you sound sophisticated."

i like how frank this guy is in this paper.. talking of wet dreams and such ..