Recent content by Bobbybax

Pro spreaders trade value.

Spreaders are all dead, I guess.

What makes you think that options are mispriced?

When someone asks me why I don't tell them specific strategies, I reply that I usually get partial fills. If they don't understand my answer....

Freddy, have you ever actually made a trade?

The point? Krugman is a political hack. His economic views are as worthless as his views on the value of the internet.

The PHD'S weren't smart enough to take their money out of the fund before the collapse.

LTCM was full of people with the credentials you so admire.

I know there is a lot of hate for pit traders on this board, but when a spreader started bidding on the floor, the single month traders stopped selling.

You couldn't arb 14% on a currency when you had to cross the Atlantic by Schooner. Now (with information travelling a bit quicker), there are thousands of algos looking to arb basis points.

Good luck with that.

93% of treadmills are used to hang laundry.

I would not consider the vast majority of money managers as 'traders'. But yes, they are professionals.

One of my worse calls of all time.

Exactly. It can be used to hedge a dedicated long equity position.