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  1. Same Lazy Element

    The hunt for crisis alpha

    Hmm, actually, your mileage will vary. I vaguely recall that in case of a trading halt for an index option the SQ for settlement will be from after the resumption of trading. It's possible that in case of a trading halt, the owner of the stock/ETF option has a right to exercise the option at the...
  2. Same Lazy Element

    The hunt for crisis alpha

    You have to find them yourself, otherwise it's cheating!
  3. Same Lazy Element

    The cure is worse than the disease

    I recall reading that most of the taxes are paid by 45 to 55 age bracket. Intuitively, it makes sense since that's the age of peak earnings in majority higher-income people. People who continue increasing their incomes past that age are an exception, not a rule.
  4. Same Lazy Element

    The hunt for crisis alpha

    I did very well but I can’t share unfortunately. There are a lot of little opportunities around at the moment.
  5. Same Lazy Element

    Here comes the pain

  6. Same Lazy Element

    Election theme

    I found some evidence that circuit breakers are magnetic to the breach-side and repellent on the exit side, so I think you almost always want to sell when you get close enough to them.
  7. Same Lazy Element

    Election theme

  8. Same Lazy Element

    Fully automated futures trading

    Long VIX products worked very well :)
  9. Same Lazy Element

    Election theme

    Ugh, some after-hours action. Anyway, I emptied the book almost completely today. Still have some long-dated TLT puts that I need to sell but otherwise I can finally I can get a night of sleep.
  10. Same Lazy Element

    Here comes the pain

    They had a set of trading curbs before the flashcrash that were revised to include single stocks. I do remember that in December 08 SPX hit Level 1 breaker during RTH and we closed gently down from there. PS. Yup, December 1st, 2008 we hit the Level 1, halted for 15 and resumed falling to...
  11. Same Lazy Element

    Here comes the pain

    Of course. We had them and we hit them :)
  12. Same Lazy Element

    SP500 back to $3300 by end of month

    Since you are being a douche and have nothing of substance to add, welcome to my ignore list.
  13. Same Lazy Element

    How are the wallstreetbets guys so successful?

    Dear Conspiracy Theorist! Welcome to my ignore list!
  14. Same Lazy Element

    SP500 back to $3300 by end of month

    I will whip something together later. Hopefully, my dealer is stopping by and I will be mellow while doing it. General idea is that you can see people post orders as actual quotes and quantities traded broken by actual fills. As a result you can guess who got shafted, who cleaned up and maybe...
  15. Same Lazy Element

    Possible crazy VIX mark today

    Everyone was long into expiration so lower settlement makes sense. Did you get involved at all?
  16. Same Lazy Element

    SP500 back to $3300 by end of month

    Seriously, dude, about 5.5 million contracts traded today across Mar and Jun. If I had to give an educated guess, I'd guess your "anomaly" was some news item hitting the market and everyones algo jumped on it (HFT traders love trading the news, BTW). Have you actually looked at the tick data...
  17. Same Lazy Element

    mnuchin warns of 20% unemployment! I think that's a good scare tactic

    Actually, if the state mandates closures, people gonna be laid off. No business, no jobs. Nothing to do with the liability.
  18. Same Lazy Element

    mnuchin warns of 20% unemployment! I think that's a good scare tactic

    People are getting laid off as we speak, actually. SAS, for example, laid off 90% of their workforce.
  19. Same Lazy Element

    mnuchin warns of 20% unemployment! I think that's a good scare tactic

    You don't think it's possible for us to have a 20% unemployment on the back of this?
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