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The fact that Costco refuses to take returns of toilet paper and sanitizer tells you a lot about the risk/reward of this trade.

Exactly. If there is a large outstanding variance swap position in the market, dealer hedging could impact the behavior of SPX around the close. The interesting bit for a retail trader is the short-term trade opportunities that creates around the close - the actual change to daily volatility...

Gosh, what was that all about? :confused: At least have the courtesy of posting porn instead of this - BDSM/spanking images are especially suitable for the options forum, fixed income is more about painful anal sex etc. Let's bring it back to the original topic. Here is a quick overview how...

Once you are past the raw basics, treasury futures basis trades are not simple at all. Especially so in ultra-long bond where there are additional tricky features to the delivery process. This said, I recon nobody was stressing these positions for a 10% hike in repo rates and people got caught...

I think the trick to picking the right fund is to understand what they are doing and whose lunch they are eating. Ackman who has a very well defined strategy - while volatile, he has a very well defined edge based on his hands-on involvement in the companies. I'd avoid people claiming to have...

Yes, he has proven himself as an intelligent, stable leader with strong respect for science and rule of law. A true winner.

You are still looking for "consistency", just define it differently from an average ET citizen. One way or the other, you are trying to relate profit of the strategy to the volatility of the returns (you can use Sharpe or whatever your favorite metric is). My point is that these smooth returns...

Actually, you likely don't want to invest there anyway. Think of it this way - an ideal strategy is the one that has consistent performance, does not blow up in the times of stress and has high capacity. Unfortunately, in the real world you can only have two out of three. That means if you see a...

It's not clear if this is legal because there is no precedent and there is no specific laws about declaring quarantine on a whole state. It's possible that it violates habeas corpus and is equivalent to declaration of martial law by the federal government, something that violates all sorts of...

Then you should not be sleeping outside :)

Dude, we are not fighting and I am not trying to score a point. I hear what you are saying, just simply that it's a multi-faceted business and there are so many ways to make money.

There are plenty of small capacity constrained trades that are sure winners. The trick is that they are usually small, require manual tinkering and specialized knowledge.

Incredibly fucked up. A true dystopian, surveillance state.

I did not know that, though I do recall hearing stuff about portable numbers etc. Do you have a link for that, by chance?

“When you hear hoofbeats in the night, look for horses, not zebras.”

There is a garden variety of arbitrage or quasi-arbitrage trades where you are a guaranteed winner if you do everything correctly. However, most people that have no losing months simply trade more frequently and their win rates are relatively low. An average HFT strategy has win rates of 51-55%...

A simpler explanation is that a bunch of migrant workers went back to rural areas because of the economic downturn (there is over 200 million migrant workers in China). But that would not be as exciting, of course.

Dude, what is "GS trading arm"? GSAM? ECM/DCM? They would be your boys if you had ever worked there. Have you? Yup, thought so.

In fairness, the very same boomers were nasty and condescending to that age group when they were having troubles. As we all know, payback is a cute female dog.

Well, a component of Viru, KCG has certainly had it's share of losses :D