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ok - just to chip in on the side of taking the JPM job: who knows you may actually get exposure to the trading floor from Ops, you may even be sitting on the trading floor - it sort of depends what sort of "Ops" job it is and what kind of products we're talking about...try to get involved in...

i guess the author was trying to show how a retail trader can make a pure vol play(?) If sold in the right ratios selling a set of straddles and hedging with the underlying is similar to selling a variance swap. key being to make your gamma reasonably constant over a large enough range of...

i prefer: "you don't get what you deserve, you get what you negotiate." that is nowhere more true than the markets imho (you can only talk to it in trades after all) Q1

a while back i read the new methodology for VIX calculation and noticed that it does not actually include the implied volatility of the underlying options as its primary input (it uses actual option prices). from then i wondered whether the methodology could be adapted to any market and used...

yep down here too

i guess the rules on this depend on which country your are in but in general this is an issue of making a will, ie what would happen to your house or your car if you die etc - same thing basically. Q1

that's deep man... q1 :D

don't you think a crash is exceedingly unlikely when the likes og GOOG and JBLU are up on the day on a day like this. It's just a failure for the RECENT pattern of "buy the bad news cathartic selloff" that happened after the these hurricanes IMHO. Those who bought the bad news are now...

You think people wanna buy Japanese stocks right now? Zooooooooom.... :D Q1

this system feels a bit like Linda Raschke's stochastic system from street smarts... ie wait for the slow stochastic to rise, be crossed to the downside by the fast stochastic and then the fast stochastic turn up again to buy... not a million miles from that anyways... :) Q1

ahh lets all just dream for a minute of a world where japanese bonds yield 3-4%. what would the USD, US 10year rates and global stock markets look like then? can you imagine the volatility that would accompany the journey? :D Q1

Momento, Sincere thanks for sharing this. It's all of our worst nightmares. I hope you get back on your feet and soon! I'm curious though...about you. Have you not been taking your holidays and disconnnecting totally from trading? What else could have caused this apparently sudden loss of...

cut out the API and TWS altogether by using the FIX interface, no? not done it but looks like the way to go... Q1

http://www.timesonline.co.uk/richlist/person/0,,38877,00.html nice

i'm not convinced the reduction in volatility is due to quants and decimalisation. Before or at least on the same plane I'd put:- - relatively more money on the mean-reversion side of the market than the momentum side of the market - extended period of lack of volatlity in the fundamental...

things may never get better for human traders. why should they? the current set of market agents will continue to evolve either through gradual incremental change or externally induced shock. twas always thus... :confused: :eek: Q1

i disagree. IMHO, taleb's point is that in a world where we don't really know what the distribution of returns looks like then there is a structural imbalance in the market towards "selling volatility", trading "mean-reversions" or other kinds of programs which take advantage of "normal"...

try the is-blank bit first on its own? =IF(NOT(ISBLANK(A1)),A1,IF(X>Y....

http://news.bbc.co.uk/ http://www.sky.com/skynews/home http://www.guardian.co.uk/

southamerica, i have been a subscriber to the economist for many years - i too remember the article. but i also have the benefit of living in the UK...