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>> limited gains, limited losses What you want is perhaps something else, or then maybe not. You may want unlimited gains with limited losses, a fine position to take. Or you may end up in a limited gains, unlimited losses, a loser's position. If you're the material you might find unlimited...

Well, the interview went surprisingly well (from my point of view). Like they get default kudos for doing a human-involved interview, meaning burning the time of one of their own while I'm burning mine, instead of throwing me the disrespectful and message-sending approach of an automated...

That's a very interesting idea, gotta think about it. Anyways, thanks all for your input. I should have probably not disclosed anything about the interview, but had a couple of beers and darn thing exactly when I shouldn't talk I feel more talkative.

God and Devil, if you're staring, are all but one. Question is why.

This is probably the worst place to ask for advice given the contempt I feel for you guys coupled with some of my not so thoughtful posts of the past, but here it is. I've an interview with the largest options market maker in the US at the time, albeit they're not at the same time the largest...

Most basic thing in options is that what's down is also up.

If the ball falls on black 25 times in a row at the roulette, do you bet on red the 26th time? And if 26 is still black, there's clear mommentum so you bet on black?

Perhaps you missed the $50k thread I posted not long ago. I'm right in the process of starting my own, never said the world is simple.

Developers make good money by not growing alpha. And the more shit code they write (alpha they don't produce but needs an AWS subscription, 96 cores and 2 Tb of RAM to process 10 messages per second), the more money management gives to them, which they spend increasing the amount of alpha they...

"His speciality was alfalfa, and he made a good thing out of not growing any. The government paid him well for every bushel of alfalfa he did not grow. The more alfalfa he did not grow, the more money the government gave him, and he spent every penny he didn't earn on new land to increase the...

I've seen a lot of places quote the "run in order to stay" allegory from Lewis Carroll's text, but fewer seem to have caught the Catch-22 in Red Queen's statement. For that matter, it looks like the situation wasn't invented by Joseph Heller, he only coined the term. It takes *all* the running...

Well, yeah. And programming interviews always test that you don't even do all the programming you can do, let alone twice of that!

And the corollary for programmers: "It takes all the programming you can do just to stay employed. If you want to advance in your career, you must program at least twice as much as that!"

Actually the Red Queen theory applied to programmers, though I suspect it's not the only domain where it fits. The Red Queen's race is an incident that appears in Lewis Carroll's "Through the Looking-Glass" and involves the Red Queen and Alice constantly running but remaining in the same spot...

Last time I used it it was HiSoft Pascal. And I'm an expert in it, on CP/M systems, in case anyone needs me.

By "proof" I mean correlation =~ causation. Success stories like CFA was an epiphany, got me from nobody to supertrader.

Any of you, option guys, is a Chartered Financial Analyst? For now it's just a neutral question, I'm not judging. Allright, I'm judging. Some people are exam taking machines. Quite good at memorizing miles wide and inch deep courses, regurgitating them for the exams then forgetting it all. Or...

Let's say those $50k are not my life savings.

Can't be Citadel, they're still in business (from Wikipedia: "Citadel Securities is the largest market maker in options in the U.S., executing about 25 percent U.S.-listed equity options volume."). Optiver has another 15% and yours is now closed. Seems there still is room up to 100% for my...

Best advice so far, thanks for sharing! See you after I'm back from Vegas, suckers.