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ofc, but I haven't read Taleb. He's so awkward. The intent was to (pardon) dumb everything down and use practical scenarios. We're like a year away from that topic. Like why interpolate OTC penny strikes inside 1SD? I don't think this thread will get deeply into sticky delta/SS. It's good to...

I am not talking about structuring flies. I am talking about contrasting your local vol-book (trading ATM) with hedging the portfolio.

ofc. The vol was 33 mid. Buy side guy is known. Sell side guy makes market and the result is a conversion for the MMer. Even buy side guy knows where the vol-line is. The difference is the MMer knows what impact the transaction will have on listed vol.

WTF IS DURHAM!? Any day now...

TDA runs faster on my M1 Macs than on an i9 windows machine, however, TDA runs like absolute shit on an Intel Mac. Amazing considering it's using Rosetta2 to translate.

He thinks that Trump uses his heat vision to take out the West Wing? Link me, please. I cannot wait.

The election is over and the B1S2 doesn't know it yet.

Let us know how Trump managed to rollout the vaccine in the UK before the US. Trump thinks a vaccine is a process comprised of a Lysol injection while tanning.

lol Kamala's niece. WTF dude.

lol 100% of those arrested were known by their social media to be rabid Trumpers/ Too stupid to control the urge to post their pics on Facebook. Canucktard is on tilt bc Nestor can't find his way back to LO's safe space. Spread your legs, Bro and Nestor will follow the scent...

How do you think those guys were making 7-8 figures on the floor and blowing out upstairs? You can't (know). Hence my example was an OTC vox-transaction. There is more than one meaning to "know your customer."

9) Synthetics. "Puts are calls... calls are puts" "What's the difference between calls and puts? Shares" "How can you short the calls if you haven't bought the puts!?" Pink Floyd Long put + stock = synthetic long call. We're not concerned with value here, just the mechanics. You've just...

8) Strike + call - put = X (forward). There is no stock input in the equation. The result reflects rates/divs/carry. All vol is priced basis the synthetic and NOT the listed shares. A non issue in most liquid names. Intuitively, it makes sense. Listed shares have no time/synthetic vol-component...

Short answer? No. Move to Florida (ugh) and mortgage the biggest crib you can afford. No matter what you structure the courts will simply see it as a pass-thru. They cant take your house if you can make the payments.

Tonight/tomorrow we will begin to discuss synthetics and equity forwards -> risk on structures -> trading "halves"

I didn't mean to imply monogamy among your offspring. Just a clarification. Monogamy is a fiction used to sell greeting cards and keep people from jumping out of windows (Gekko).

7) You're trading vol locally and be a net-buyer of wings. Long or short vol (LOCALLY) you have to be long convexity at the wings. It's always in your favor if you're short gamma locally. a. you're going to be protected on the downside as markets crash (strips rally) and b. protected on the...

1) Net liq is your inventory. PNL is your revenue. You wouldn't piss-away every dime you take in at POS as a small retail business; you would plan for the future/reinvest, save for cyclicality/slow months. 2) Open an account that will NOT be a source of living expenses. You wouldn't take...

Cool, Matt. Those are the mids from Friday close as showing on TDA as I type this post.

Durable "affection" is essentially limited to your offspring. Monogamous/persistent relationships outside the aforementioned are simply the dysfunctional result of codependencies/fear/laziness.