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Do you trade the skew like you trade the Forex?

110/65 and I row 10K daily on the Concept2, but thanks for your concern.

You should strongly consider your suggestion.

Any app can calculate the 25D risk-reversal. There is no arbitrage available to trade the skew flat -- down and out skew is a condition exhibited in ALL equity index markets. You really need to step away from the keyboard. The 25DD RR is around 400 right now. Sell the put, buy the call and...

They are, absent the impact to rates (fwd).

+1 It's about as likely as you producing a winning FX trade.

Mlodinow is wrong. Miller wasn't flipping coins. Miller had an edge for 15y, until he didn't. The mkts changed and so did Miller.

What circonstances are those? Some exomplez please?

Oh, bottom line. wtf didn't you say that in the first place?

Whaley/RGW, pseudo, CRR, MC(Carriere) will all converge. Guy is a moron. You are proposing some tool's opinions as white papers. Why is this guy selling shit instead of making millions exploiting BSM?

lol to Summa. - Doesn't account for bias to OTM volume on contract basis rather than notional (contract * value). Option at a $25 expires worthless vs. an ITM at $600. The $600 is either closed or exercised. - Pensions, endowments and other passive participants write calls against long-held...

Let it die. He was on his own forum and stated he was still holding (after they went OTM). How is this in any way related to this journal?

The curvature isn't the same, but you can structure a narrow OTM vertical (synthetic digital) and cut it when you hit the long strike. You'll have to trade larger than you would normally do.

In reality it all amounts to a hill of dicks. MAD is still in effect. I think most foreign policy and aggressive moves (non-US) are posturing for an eventual anti-NMD treaty. And FWIW I am centrist.

I see your point, but would the nominal personnel count be higher or lower had we sat through 13 years of peacetime? Would we have any sort of NMD (set into high gear in 2002)? I am/was not a fan of Cheney/Wolfowitz FP.

I took that platinum card and bought an H1 Hummer on my first big year (solo). I'd paid off the Prime+2 LOC by that time (and put most of it in the Hummer) but it never sat right with me. Hitting the LOC with the purchase gave me other perks, but obv I could've received a lower auto rate. I paid...

I agree with JJ. Putin would be sitting with his head-down in the corner had our mil not been decimated.

EURUSD going off at 60 on the week. I can't hedge large enough to make a difference (would require 1MM units here), and I didn't take the bet on Cauchy/symmetric-distribution (the long synthetic straddle). It's purely an upside call until I can get-off 500K spot at 3785. I've got a MIT short...

I can honestly state that I have never seen anything like this. Totals his BMW and then his Audi. A month after buying it. Shows us all to prove his trading prowess as if it shows anything but gross financial negligence. I use the term negligence as the guy is a danger to himself. wtf is his...

I have to state it... what is sad is that even if the guy pulls his head out of his ass... this thread will live on... in infamy. Can you imagine googling his name if you were on the buy-side? I can't, but those are his aspirations.