Search results

Thanks for the response. So what's the best way to determine that figure? I can provide an aggregate monthly cost figure such as software, technology support, salary/benefits, that the desk uses, etc... - basically overhead costs - basically the amount we need to cover before we start getting...

My school has a pretty good pipeline into iBanking firms, you are pretty much gauranteed plenty of face time with current bankers and mixers. I just don't fit the culture so changed my mind. And I find quant finance more interesting than accounting and corporate finance. I'm going to school...

I just want to work with better technology to complement broker driven flow. I know I can do this, just looking for a shot. Even if the industry last 5 more years I'll take it. Additionally would like to manage sheets differently.

So hedge funds are the way to go? My career counselor has mentioned the same thing about prop shops but then I was thinking trading was dying 5 years ago and it's still here. OMM shops like IMC, Akuna, Optiver - probably won't be around in 10 years?

I can't think of anything else to do. I am in B-school but just couldn't find ibanking or product management, or anything else interesting. In my current product, I feel like there are opportunities still.

I know that part. I'm trying to figure out what metrics I need to provide if I want to pitch myself to start my own desk. I can provide certain numbers such as current overhead, but what other metrics do I need? Let's say a firm wants to enter into a certain product/space and needs someone to...

Hello, I am desperate for a job and was just wondering when it comes to OMM, what does an employer look at when it comes to risk/return and capital. What's the typical risk/return profile for a market making desk? Basically, how much return is a firm expecting for a given amount of risk...

Thank you. When I meant gamma, I meant managing a large gamma such as when you are close to expiration and short an ATM option.

Hello, Does anyone have any resources/books/tips on how to hedge your options (delta, gamma, vega, skew, and theta) hedge for very short term options like those that expire within a week or expire tomorrow? And additionally, does anyone have any resources/books/tips on how to hedge a long...

When trading, I don't know if you guys also try to plot out the market implied volatility curve using a trading software. There are different types of curves that can be used to try to fit the market implied volatility, but most models have different points on the curve that you can move around...

cool. I just read something and said the exact same thing. Thanks!

What are some industry/widely used methods/metrics to keep track of skew? Do you: Keep track of the differences in IV based on delta. For example 25d IV - 50d IV. Use a percentage based system. (25d IV)/(50d IV) Track slope plotting IV against moneyness. I'm reading this document and it has...

Thanks, I will check out your bookshelf

I've read Cottle, Natenburg, Hull, but I'm still having trouble applying that knowledge into real life. Stuff I would like to learn more about are: 1) How does vol path interact with option values/skew/delta, etc... 2) Best methods to hedge when vol/spot are highly correlated 3) How to...

Hello, What's a good trading platform that allows you to be a MM for commodities with high upside risk. Having a hard time using OptionsCity to fit a model to the screen.

Thanks, that'll give me something to look into.

In high vol environments, let's say during SPX crash, vol and delts are correlated. When market falls, vol gets bid. When market recovers, vol gets hammered. If you are long a bunch of calls in this environment, you know while your sheets probably say these calls have like a 20d or 10d or 5d...

15-25% return a year but obviously with potential for a decent sized drawdown. It has a long term horizon so not for someone who wants quick cash or will need the cash in the next month or 2. I think minimum holding time should be a year for the odds of realizing your 20% to be really high...

This is interesting, will look into this. Thanks!

Thanks I'll look into this. I was hoping to do this on the side concurrent with my job.