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Your broker has likely stolen your strategy. They have teams of people in Croatia whose sole job is to determine what their clients are doing and then they front run the trades out of offices in Brazil. Brazil has a no-extradition treaty with respect to securities laws so that’s why all the...

They will be able to find people. It’s not the same as running a hedge fund. Though barings (in my Previous post) is a major fixed income investor.

North Carolina has a significant banking culture. Wachovia, Bank of America, and others had their start there due to tough financial regulations that prevented them outside institutions from entering the market. Many financial institutions have been moving there such as barings. Microsoft built...

Gains and losses on open positions are considered part of your marked to market pnl. (Or float as you call it) Drawdown is calculated as your peak marked to market pnl and your subsequent lowest marked to market pnl.

What’s a floating loss?

have you been living under a rock? Research triangle. Raleigh Charolette Winston Salem. duke university and unc chapel hill. are all becoming biotech and tech hubs. it’s what’s turning North Carolina purple politically as those educated people are beginning to outnumber the hicks from the...

both. North Carolina (especially the cities) is becoming a hotspot for intellectual capital. Amazon nixxed so many locations because of a lack of talent for hq2.

no. they are not netted. The IBM is a dividend. The MO is a payment in lieu where you send the div amount to the guy you borrowed the share from.

i think they are saying at the height his total exposure was 100bn with a networth of like 12bn.

I was thinking that he can take his loss backwards, but your point negates that.

they said it was appropriate. Then again most of those guys would stone their own daughters of trump grabbed them by the pussy.

this isn’t the first time this has happened. and ignorance isn’t an excuse

Unless he traded 1256 contracts, he’s hosed. He has 800k of losses he can take 3k at a time.

i see. So the skew delta is actually a big deal as that’s going to be a significant part of your pnl (since you are exploiting the “under the hood”).

First find your source of positive expectancy. Then figure out how best to maximize your profit on it.

You've lost me on some of your terminology. what do you mean by basis? Are you referring to futures vs spot basis (ie interest rates and dividends?) what do you mean by fence? what do you mean by riskarb? The traditional meaning of riskarb is merger arbitrage (trading the probability of...

What do you mean riskarb and skew? Are you trading skew on merger names? If risk reversals are a proxy for futures (where you are trying to pick up some premium edge) then sticky delta should be small compared to your delta pnls. skew dynamics only matter when you run big isolated risk: like...

i think it’s the cost of doing business. Are you on the sellside if you are running such a diverse book?

a better answer would have been : “I like beer.” Or “I believe in the constitution as the founders believed” (from a woman looking to have a vote on the Supreme Court)

Unlike every other country in the world, Covid hit America last. Trump had 4 months to figure out how to prepare. Instead he did nothing snd the governors panicked after Tom hanks got it and the nhl shut down their season. 4 months could have been spent setting up guidelines and stocking up on...