My brother has taken the task of trading my model-output in exotics on the equity index exotic sub-account He's doubled the account in 3months -- zero hedging.
Yes I'm still around but given the title of this journal, no real excuse to post here without the author. Perhaps I will start a journal for random ramblings... Still to engage earlier plan to entice Riskarb permanently back. Esoteric topics for for me to disseminate misinformation on that I'm currently considering are: a) Shadow Gamma. b) Fifth, Sixth and Seventh moments of a position.
OK James Dean ....you guys have at it (and I know Riskarb is right you can make so much money that a loss here and there isn't a big deal.)
James Dean be da man innit (That was my Bitstream impersonation btw) Actually, despite the occasional skydiving I believe I am quite risk averse! This strategy has very low drawdowns if hedged (yes, my comments re: hedging for losers were not to be taken too seriously) and incredible risk/reward. It's difficult to find a better all round strategy, win/loss ratio notwithstanding IMO. I'm way too chicken to do the OTM credit spreads that you do. Congratulations on managing a difficult situation last month. I shall have a look for the book you mentioned. MoMoney.
He's buying vanilla puts in weak sectors; HGX, etc... and selling put touches in SPX. A replication play/stat arb; as well as outright bets on distribution with double barriers.
Die index, die! Would you like some gamma with your coffee mo? What is BoM? U still in this trade? does it expire eod, or on the open? Good luck either way.
lol, within 3 of the upper. God, trading these is like BASE jumping on crack. I'd give 10:1 odds we don't hit 1277 tomorrow. Good luck Mo, you look alright.
LOL. Yes more gamma with my coffee please. There ain't enough gamma in the cup until the spoon stands straight up. It expires EOD tomorrow. The position is now very low risk given that the hedge has approx 10..9..8 handles cushion. Max gains occur as barrier is approached thanks to "convergence gains" (ask Riskarb). If barrier is taken out, hedge all but covers $debit. I would prefer tomorrow to be flat to slightly up. If it is down then I lose some of the profit on the hedge. Don't normally like overlapping bets but thought I'd squeeze one that expires before shenanigans on the 8th not to mention that I'm such a BASE-jumping adrenalin risk crack junkeeeee: SPX 1225/1290 at BoM, Risk/Reward: 1:1 expires 07 August :eek: :eek: MoMoney. BoM = www.betonmarkets.com See my earlier comments on this outfit. Not practical to be used for anything other than entertainment purposes IMO