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  1. K

    Prop trader vs. trader @ major IBs

    If you check on a Bloomberg, there's a section on Jobs, there's tons of postings everyday from hedge funds and prop funds looking for profitable traders.
  2. K

    Newb Q on Selling strangles into earnings to profit from IV dump

    "this is your life, and its ending one minute at a time." I papertraded a short IV play on NTRI right before earnings: IV = 70%, sold the combo for 7.70 NTRI gapped $17 Had to buy the combo back for 18.55 Loss of 10.85 which eliminated all previous gains and then some.
  3. K

    Wall Street Job-Hunter Chronicle

    And they were such nice people?! Thanks for the support, I do appreciate it. I guess if anyone is interested, I noticed the posting for this position back on craigslist. If anyone wants to give it a spin, PM me, but don't get all caught up in the verbiage. It's not a 'great place to...
  4. K

    Wall Street Job-Hunter Chronicle

    Why would people blast me for asking for more money? Most organizations go through quite a process to hire additional personnel, its not done lightly, theres a lot of investment of time devoted to the hiring process. When a company makes an offer, regardless of the industry, this is probably...
  5. K

    Wall Street Job-Hunter Chronicle

    I called them today and they actually Rescinded the offer. ARGH! What is the deal? I asked for an additional 3K a year and one or two extra vacation days (my bro is getting married in Europe later this year) It would have been great to get but it's a negotiation, isn't it? I wasn't expecting...
  6. K

    Wall Street Job-Hunter Chronicle

    I have sent a counter-offer to the firm around DC. Let's see what they say, I have to make a decision by tomorrow. I will also call the firm in NYC and see if there is any interest.
  7. K

    Riskarb's combo to fly conversion journal

    Update to the NTRI position: NTRI gapped $17!!! NTRI 50 straddle @ 18.55 Loss of -$10.85 it would seem prudent to stay away from 'hot' or volatile sectors such as oil, some tech, pharmas, apparently weight loss! companies, etc. and also check for past earnings surprises as a filter...
  8. K

    Wall Street Job-Hunter Chronicle

    Decisions Decisions! I was made an offer (finally) by the firm in metro DC. It's about a 20K paycut from my engineering job but I expected that. Here's the kicker, their offering stock options in the company, and quite a few. At first I was really excited, but then I thought about it -why...
  9. K

    Wall Street Job-Hunter Chronicle

    Thanks for posting, it's always great to hear other people's stories and to know that there's been others in your same shoes.
  10. K

    Riskarb's combo to fly conversion journal

    Thanks guys. I sold the following as well: NTRI 50 straddle @ 7.70 IV = 70% Earnings came out AH, stock gapped +$13-$14 This will probably be a good example for worse case scenario for this strategy. Huge gap before protective wings are placed. It will be interesting to see what happens...
  11. K

    Riskarb's combo to fly conversion journal

    I entered a position on Friday before the close: S May 55 Strangle @ 9.40 Today was earnings, SLAB down $5.20 however IV dropped to 57% B May 60C/50P @ 2.40 Total Credit = $7 Min Gain = $2
  12. K

    Wall Street Job-Hunter Chronicle

    2 additional phone interviews: 1) The first position I found off MonsterTrak. The position stated finance/trader but its really credit insurance sales. The title is a misnomer, no trading involved-although this company is a division of a large asset management company. Interesting business...
  13. K

    Riskarb's combo to fly conversion journal

    SLAB? 56.36 IV mean = 68% 52-week high Earnings: 4/24 Haven't really researched the underlying, has good earnings last two quarters, involved in trade secret litigation. Just thought I'd throw it out there to see if it's a good candidate for a straddle to fly conversion?? I was...
  14. K

    Wall Street Job-Hunter Chronicle

    Appreciate your input. Also on the brightside they will sponsor for Series 7 & 63. I don't know, maybe I'm a little disappointed with myself for coming so close to good positions and then having to take a detour. Life happens. Curious, what kind of salary should I expect? They asked me...
  15. K

    Wall Street Job-Hunter Chronicle

    BTW, I've been contacted by an individual on Craigslist who has an open position. I sent her my resume but I'm not what she's looking for. I told her I would refer anyone who might be interested. I just have a vague job description-'someone with Wall Street experience and knowledge of the...
  16. K

    Wall Street Job-Hunter Chronicle

    The posting for the job was a little misleading, the position seems more like back-office, reconciling trades. The company is an online broker, trading customer orders. Most trades are automatically executed through their proprietary software, the rest are sent to the exchanges. The job would be...
  17. K

    Wall Street Job-Hunter Chronicle

    Met with another recrutier, it was actually the Tuttle Agency, they gave me some feedback on my resume which I thought I might share: My previous resume had a good portion devoted to my personal investing-strategies, excel work, and returns. I thought it would demonstrate my interest and...
  18. K

    Calendar Spreads

    I've been kinda watching RAD for a little bit and its been stuck in the $4 region forever. I'm not overly worried about the downside. $3.5 is HUGE support and $5 would be a 52 week high. My thought is its going to take a lot to get this stock to make any huge movement above $5, if it breaks $5 I...
  19. K

    Calendar Spreads

    Was contemplating this calendar, wanted to know what you guys thought: RAD 5 May/Jan 07 Call @ .40 Vol: May = 50%, Jan = 40% Historic Imp. Hi/Low 93/30 BE: 3.90 - 6.70 Slightly Bullish on RAD, will sell calls for 1 or 2 months, if stock goes ITM, I may just hold the long call. If...
  20. K

    Wall Street Job-Hunter Chronicle

    Thanks for the support everyone. I wrote an email to them basically stating that its in our best interests if I pursue other opportunities. They replied I was making a mistake....huh. I actually am an engineer by degree. Had a job as a project manager, which is less engineering, more admin...
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