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This is very untrue (I wish it were the case). Marketing yourself is far more important in raising capital than an actual strategy. @Same Lazy Element made a really good post on what a hedge fund is looking for in terms of investing in a start up/strategy. Many retail startups think "I only need...

I really like @newwurldmn answer. Its a clear sign he is a risk taker. A lot of the time you will hear people say "I trade the first 30 minute candle and then I am out for the day". In reality the implicit hours are actually very long. From my experience its really hard to stop thinking about...

I am curious to know how you are managing your short d5 VIX calls right now. IIRC a few weeks ago you were looking for a hedge, were you able to find one?

I will assume you meant *long call. You will probably allocate capital more efficiently by just purchasing an ITM put. That being said, I think you can find a signal with these products. Ie. does it always make sense to be short UVXY while the futures curve is in steep backwardation? Maybe it...

"Most of the time play tight to the vest. Make enough to live well and cover your overhead. When you find an arb or quasi arb, pile it on. Hit it with everything you got. Borrow if you have to". Ask yourself, "what am i trying to leverage"? Most of the time people are leveraging a negative...

Its really nice to see you posting Kevin. Something to add here, Quandl provides daily short volume (not interest) with one day lag though their BATS exchange access. You can easily pull the data for free or you can view it on the website...

UVXY went up 1300% in March. How much of your capital could you allocate to this strategy without being forced to cover at the highs?

Actually, if you are in a low vol environment with a some auto correlation, long term holds can work very well. These products do terrible on an underlying that is volatile and doesn't trend. UNG and it's 3x leveraged ETN's were a great example of that. On the flip side, in 2017 (low vol...

Only because it's so far out - It's being diluted by the non event vol. This is where the scammy "iv ramp" that a lot of vendors push comes from.

Considering it is 4 months out you might not see any hump in the term structure - Especially because biotechs usually have very high non-event vol. Remember, volatility is the average of the daily standard deviations. So lets say the daily non event standard deviation is 4% and the implied 1...

Dont forget the old saying - "one man's theta is another man's gamma". Meaning theta does not come for free. Gamma exponentially rises into the expiration. If you want the most exposure to realized vol, the short dated options might be the best structure.

Any game that has these 3 traits are addicting: 1) Near misses on large payouts 2) Perception of skill 3) Continuous Trading (not just forex) checks all the boxes. Considering most traders are noise traders, they are no different than the person sitting at the slot machine. Most people reading...

Hi everyone, I am starting to use IB rest api with R. I am having a bit of issues accessing the data. I have connected through the local https://localhost:5000 and have logged in successfully. Now I am trying to pull my "FYI" data. Using this link...

After quite a long time bantering with Thomas Peterffy, IB finally has a little drop down to choose which exchange to send it too.

lol thanks @ironchef. In all honesty, CELG was probably the luckiest trade of my life. I was this "" close to writing a article on FTR (de listed now) around the same time:)

@Tradex are you still in the position? I took a small bet as well. If you don't mind being explicit when you exit that would be appreciated Thanks

one good thing comes out of these pikers. You can see who likes their posts and write them off. Helps cut through the noise on ET

lol

I never understood the methodology of selling calls on single names...you do a lot of research to find a stock that has a lot of upside potential and then you cap it? You are also forgetting about the scenario where: You buy a stock at 100 and sell the 105 call. The stock drops to 70 and then...

As the saying goes - "men lie, women lie, numbers dont". So lets take a look at some numbers :). Here is SPY ivol30 and the lagged rvol to line up with it. Ie. What did the market expect vs what actually happened. (Black is Ivol and red is rvol) Here is the spread between them. The mean of...