I told you BS was BS!

Discussion in 'Options' started by wxytrader, Apr 1, 2024.

  1. very sexy account my friend. so just around 4% for the day is best day of the year. it just so happens i put a whole 7K in a personal account this weekend. I'll post for you as soon as i get my first 4% day.
     
    #171     Apr 9, 2024
  2. In fairness, there are examples of people using better models and making big bucks. One case study would be the guys at BoA who started using UVM for corporate call spreads. But this usually is in non-listed space and mostly driven by ability to manage these risks better
     
    #172     Apr 9, 2024
    taowave likes this.
  3. grammar nazism? really? i know you are better than that.
     
    #173     Apr 9, 2024
  4. a. it's fun

    b. it's a way to learn if the people you are arguing know what they're talking about
     
    #174     Apr 9, 2024
  5. poopy

    poopy


    You made a point to humblebrag about your classical ed. I'd probably leave that out next time.
     
    #175     Apr 9, 2024
  6. taowave

    taowave

    You are missing the point..You claim BS is garbage,and you have seemingly built a better mousetrap.. In extremely liquid markets with tight spreads,it really hard to be off on pricing.
    If your model is so much better,you are implying that you are finding pricing discrepencies between your model and BS and delta hedging to capture pricing inefficiencies..

    I dont need models for several reasons...

    I pick off market makers all day long. I have no idea what Vol is,what the market is doing...
    I have traded long enough to know where and when to bid and offer,taking virtually no risk other than execution... No need for any model

    More to the point,with penny wide markets,models dont really offer much. How off can one be in pricing??

    Last but not least,if I am delta hedging,an approximaton is close enough.I dont need delta perfect,thats not my bet,nor where the money is made.

    You claim you built a better model..Lets see it



     
    #176     Apr 9, 2024
  7. poopy

    poopy

    How would you know?
     
    #177     Apr 9, 2024
  8. poopy

    poopy

    He walked all of that back.
     
    #178     Apr 9, 2024
  9. poopy

    poopy


    OTC and customer is known.
     
    #179     Apr 9, 2024
  10. And you can still get fucked :D
     
    #180     Apr 9, 2024