RenTech gets bailed out on losers with massive vol-shorts. Knowing what I know (about their vol-trading); I don't believe that their returns are legit. I think they returned money to maintain the mystique.
I wrote this and took weeks of never ending shit for it. Demand letters from Berkshire lawyers. https://www.elitetrader.com/et/thre...-passes-2-billion.170996/page-16#post-2518032 Then this happened. Loss as predicted by moi: https://www.elitetrader.com/et/thre...-passes-2-billion.170996/page-17#post-2539783 So I am going to leave it there about RenTech.
Corrected my date quote. But damn, that is insane. Your username back then was 13K posts. Now on dest you are 7600. The fuck is up with you? Boundless mental energy, and trading to boot. Over the course of 10+ years. Yer insane, and now no longer simply because you trade options (because options folks are crazy), but because you have put that much time into this forum. My respect for you has grown 3 sizes this day, but I still will not touch you with a 39-1/2 foot pole.
Well, I hope I am here to celebrate your 20th anniversary on ET. Because yer insane, and I like insane folks.
If I could reiterate, I'd say the true options bible is the book by Cox/Rubenstein titled "Option Markets" Hopefully your professor doensn't laugh at me now *sheds a tear*
Ouch, bad memories. I still have an old red notebook filled with notes solely pertaining to that book. I went page by page, formula by formula dissecting it. In retrospect I'd say it contributed $0.00 to my P+L.