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These are just Black Friday discounts! You can buy bitcoin at 40% discount! Get it while it's hot!

In this business, you can either eat well or sleep well. You pick :)

Pretty much every big guy that switched his fund to a family office said more or less exactly that. It's pretty much always the issue of biting off more than they could chew. It's hard to make money at the scale all of these guys gotten to. Personally, I think a single strategy fund should...

LOL :) Even disregarding the technical details (i.e. convexity adjustment, strike inclusion etc, read Kevin's post), the option strip would include the period leading to VIX expiration, while VIX futures is from futures expiration to options expiration. So you would have a bunch of gamma/theta...

Luck plays a tremendous role in any success

Let's take a simpler case of Dec VIX and Jan expiration, then :)

Well, for starters, if you where to do that trade, what ratio would you do it at?

It's not freebie, if that's what you are asking :) Imagine that you buy a Dec VIX futures and go short a strip today - what do you think your exposures would be?

And yet if you calculate the value of the strip for that expiration right now it will be very very different from your futures price.

How exactly would that work, in your opinion? If they bought the vol to hedge and the event happened, they indeed have no loss (or a smaller one), but if no event happened they would be out premium. The only way for the broker/clearer to protect themselves was to limit the size in these types of...

Small size allows for playing various capacity constrained opportunities. It also allows for more cross-sectional diversification and more importantly for more choices. E.g. if you are playing some single-stock specific effect (let's for simplicity say mergers), and you need to deploy a million...

I was under impression that they support a proper FIX protocol with some IB-specific quirks, no?

Why, you think a lot of murders get counted as suicide or some other issue? Oh, and what exactly do you see wrong with the BLS (not the Fed, FYI) unemployment report?

Apparently, yes. Which reminds me that @destriero probably owes me a dinner (as Collins has gotten re-elected and is probably getting off scat-free).

Suicide rates are rising in the US, actually, unlike the rest of the world. I recall reading a couple interesting studies. One showed that suicide rates fall as the personal incomes rise, so apparently money does buy some happiness. The other one, sadly, demonstrate that suicide rates were...

Not exactly surprising figures considering that every HF market-maker is an "automated strategy" and thus, even if every longer-term trader was discretionary, it would right compose 50 percent of the volume. If you exclude all intra-day strategies (i.e. HFT, execution algos etc), these figures...

Inside information is not illegal, trading on it is, right? ;)

One of the first things you learn in this business is that there is way more there than is published on Bloomberg :) my information comes form one of the PMs from the fund

Don't eat too much and don't drink too little!

I assume you are talking about the Prediction Company? From what I heard first-hand, it had little to do with performance, but I can't disclose the exact story unfortunately.