Recent content by AMW

I'm with hmmmaybe all the way. Most guys on ET think hedge funds are just like typical daytrading shops("This Sucker's going higher!") and get their info from blogs and oher sources. Funds like SAC/Citadel are doing things that almost all ET'rs could never understand. They have the best...

Can anyone comment where simplex stands relative to susq, ctc or wolve? Would anyone choose these firms over simplex?

This thread has the best title ever. I agree, I've been the cbot elevators with guys who just looked like shit and smelled like booze.

Arb- Why were you told to stay away from ronin? Just curious.

Stay away from any firm that relies on the floor.

They want you to pay $500 to sit on a simulator? It would be funny if there weren't so many young and aspiring traders who fall for these scams. So to make 35k yr, you need to take a 50k account to 150K. Of all of the horrible deals I have ever heard of...this might be the worst.

This might be one of those questions that might be easier than everyone thinks it is. 40% chance of winning the 100 on the first game. And there is a 20% chance of winning it using second game. This stupid thing has been driving me nuts. What am I missing?

40% chance to win $99 vs 60% to win $1. How does the second game fit in? Something seems to be missing............

I've posted this before. Last I heard the deal was to work Midnight to 9:00am for 4 years. And you couldn't touch your profits for during this time. The draw was also very small($200-$250wk). The head guy is real sharp and I do think they put alot into training. But you really pay for it.

He might make room for a college dropout who is puting up good numbers on his e-trade account. Lots of guys like that at GS.

This is pretty comical thread. I can only imagine what must be going through a new grad's head regarding some of the posts on ET.

Here's the only proof I could find online. This guy writes for minyanville.com. "So what happens to the options when a stock splits? Well, on a 2:1 split, your delta obviously doubles, same way a straight stock long doubles in quantity. Your gamma actually quadruples though. Why? Well...

The delta doubles. Just like a stock position. To figure out gamma. You square the the factor of the split and multiply. 2 for 1=Gamma x4. 3 for 1=Gamma x9 Gamma no longer based on a move of one dollar. Now based on a move of .50c. Thanks for the help.

Right on the delta(same as a stock position....if a stock split). What your saying makes sense but I still feel that The gamma is either squared or the square root is taken. Thank you for the response. I'll try and do some research at some point today. Others please feel free to chime in..........

On a stock split, what happens to the position's DGVT? I think- Delta get cuts in half. Gamma is squared. Vega stays the same. Theta stays the same. Does anyone know for sure? Thanks