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The bottom line is that I keep talking about the interest rate market and the relative merits of certain positions in said market, and every time you post you keep talking smack about my personal financial ability to trade or the merit of the consulting services I offer. My statements are...

Little D, you have a full delta and mine will get smaller if we continue to come off, but, oh wait, you won't catch up for like eight points. There's that duration thing again.

And give Martinghoul his props - indeed, you are pinned.

In terms of 'childish' you must mean all the personal attacks you have now started about me on your own accord and initiative in the 'Educational Resources' section. 'Childish' also describes your duration exposure compared to mine in the market. Check you closing mark with mine, and then...

TJ: If you have no clue that being net short Dec. 130 Calls is identical to the 'puts' you describe then you have no business posting about options. Little D: Speculating on Interest Rate flat price direction with Two Year Notes is akin to making a porno with a Two Inch Dick. I gained...

Oh, come now, there go the mean-spirited personal attacks again. Don't get bitter, get better. Your wish will come true if I do nothing to my position and the Dec Ten Year rallies past 133 or, between now and the Sept. futures expiry, alternately crashes through 115. Wow, those...

D, you're so defensive and singular in thinking that you're not taking in Marting's comments about curve behavior, and apparently the "options nonsense" flew completely over your head - I'm net short TY Dec 130 calls. I really and sincerely hope you reach your target on your Twos. The big...

Of course, I covered my short in the Oct-Nov Crude Cal yesterday at 8:30 am and somebody comes in at 7:09 am this morning and sells 4,251 cars from -120 to -125

You know, I met Paul at a Eurex Chrismas party back in 2003 or so and I really liked the guy. He got bad-mouthed relentlessly by locals in the Schatz market but since for me I used the Schatz extensively as a spread leg component I really appreciated the liquidity aspect. Traders were...

You're not going to get any professional traders to drink the short Gold delta kool-aid for massive tail risk reasons - the macroeconomic perspective is meaningless if you're short Gold and Iranian nuclear facilities are on the receiving end of GBU-43/B Massive Ordnance Air Blast Bomb airstrikes.

I am constantly scaling the Gas/Oil vs. Brent spread with automation so I am frequently never completely hedged. Can't show big orders, so will do a 2:1 and then a 2:2 (4:3) or three 1:1s and then a 2:1 (5:4). Most of my synthetic spreads I do that way - iceberg the piss out of them...

Well, of course, the Sept position is a non-issue by now, and if we continue to rally in a methodical fashion it will be somewhat tolerable because the theta on Dec really pays off hard next few weeks. If we come off it will be pure sweet tasty goodness - Sept. profit gets compounded nicely...

Mart: Well, mine is a crooked ladder because it sure didn't start out that way - I just got cute with the profit and whisker-thin delta thinking 'no way no how that's fat premium what are the chances we get there anyways' on the Dec 130 strike.

Ah, the two village idiots again. Welcome to the world of fixed income with its charming syntax. Basis is one thing with 'clean' and 'dirty' prices but options are on another level entirely. If I had said "out of moneyness" instead of "beyond the money" it would still have meant no difference...

It has just never suited my eye, and I didn't like the P&L swings when I did trade it. I even bought Platt's data for barge offloadings and did pricing calculations including FX for basis calculations (cash fair value). I have clients that use my model on it and trade it and they make money...

I hate that spread - that one and the freakin' TY vs. Bund. I've got clients that can trade it with good effect, but not me.

Well, the MBA is usually not worth it. Preface: I mean no disrespect, and I know that it's fascist and superficial, but the fact of the matter is that in our profession the name of the school attended is THE defining factor. The actual education value may end after the interview and job...

I had resting orders at -91, -92, and -93 that got filled this morning so I'm out and the stop was cancelled. What a slow, boring trade this has become the past 12 to 18 months. This thing used to rock. Natty cal is a snooze as well.

Evening program at a Top-10 business school and keep your existing gig if you can manage it. Check and see if your current employer has a tuition reimbursement program. If you have a few years in the field, maybe a worthwhile longshot would be to ask your employer if they would consider...

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