Recent content by riskneutral

GHCO used to pay guaranteed salaries into six figures. Of course, you only reached that paygrade after their profits went into seven figures. :)

I admire MTE's patience in this thread. I will attempt an explanation for candeo: If frontmonth and backmonth are both trading 15% volatility and you do a 1 by 1 spread (long front/short back), you will be net short vega. But this net short position results from being LONG vega in the front...