Recent content by curtains

I think the OP's question is simpler than that. It sounds like he just wants to go long puts to lock in a sell price for his long underlying pos. My guess is that he'll keep rolling the puts to a higher strike if the underlying keeps trending. Vols will play a part in determining the...

Orc also has a spreader. They have a webinar here - http://www.orcsoftware.com/Solutions/Orc-Trading/Arbitrage/?expand1=false&expand2=false&expand3=true I have a vested interest. PM me if any questions.

yes - you sold it for 11.35. then at expiry, the owner of the put sold the underlying to you at 110. You then buy it back at 108, this is the intrinsic at expiration and is payable buy the seller. The seller makes 11.35 - 2. Second example - the buyer of the call will not exercise. So you...

without having the book on hand. I'd say he means you bought it, held until expiry (which means all time value has eroded). hence, the profit is intrinsic at exp - premium paid.

Depends on what you have claimed you know on your CV. If you say you know options, they'll probably ask you about options.

rough calculation is done in your head. Its 6 seconds per question.

Orc has access to all the markets people have mentioned so far, across a variety of brokers.

you've got to be kidding. You want to be a market maker??? 15, 29, 56, 108, 208 ...... double -1, double -2, double -4, double - 8 and so on.... 13, -21, 34, -55, 89 ...... add preceding two numbers and change sign 52, 56, 48, 64, 32..... up 4, down 8, up 16, down 32, up 64 and so on

Whilst they would have a bloomberg terminal...that's not what they use to trade. I'm sure its a culmination of a well known ISV(s) in the professional space and some internal stuff. Similar to a bank I'd say.

Err... you assume that same strike for 6 months options will be ATM? Interest, divs? Anyway - delta of contact * contract = Delta of position. Then just hedge that many deltas with whatever else you want to trade. This advice does not take into account second order derivatives.

incorrect - the test is negatively marked. get everything right and do not skip questions.

Hey, I have used Orc Trader. Have not used Edge Specialists. Across which markets are you trading? Out of what location? Happy to compare notes on ORC vs AQTOR. Cheers, Curtains.

If you answered every question then this is a solid result. I'm not aware of many people 'finishing' the test.

What did you put on your resume? Anything you said you know on there they could ask about. If you have mentioned you've studied options theory, then they will probably ask a question on it. If you said you follow the markets and keep abrest of events, they'll probably ask about the fed rate...

I think the pass mark is different for different offices. I've heard pass marks ranging from 50 - 57. The commas are common to the dutch market makers.