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Tick data is just another level of precision beyond minute based data - without the book it's still not going to tell you if you could have necessarily executed at those prices (especially for things that are not trading every single millisecond). Sure, if you can get it (and *manage* it) it's...

Hello Bill! :D

By short KM and KMN I mean KM cal or KMN fly not a strip. If indeed the curve is going to steepen back into contango we'd want to exploit that curve shift.

HLF looks like a garbage company to me, but completely aside from that, I personally enjoy watching that douche Ackman feel as much pain as possible. He may be a great investor/hedge fund guy when the stars are aligned - but when it comes to actual trading he seems more obsessed with being...

This is literally what the hordes of vol sellers are actually doing and why I, and some others, think it's a good time to actually be long vol - and if not at the front, further out as @rallymode and @sellindexvol66 mentioned.

I guess where my thought process is coming from when it comes to the "theory vs reality" part is that yes these things are priced off of 1mo forward-vol - but pragmatically if shit hits the fan uncertainty-wise, even if for less than a week, we'll no doubt see spot VIX spike and K going along...

Also curious what Redneck's been up to, haven't seen him in a while.

To be fair, they've said themselves it doesn't scale to the levels of AUM a typical fund manager is dealing with.

You guys have managed to completely derail this thread into a P&R gun debate. The OP wanted to know about 3x ETFs somehow being delisted by the government. Fact is, that didn't happen. However, something similar to the SEC thinking "let's protect investors from themselves" is probably what...

Sure, no disagreement there. My small issue is with J getting massively bid up over K, that's basically it. By Wednesday of next week, said events will still be near and J will be off the calendar. What's your take on mid-month cal moves starting around 3/28-3/29, e.g. MN, NQ, etc? General...

Well some of us are clearly not interviewing to be market makers so care to illuminate on this?

Yep, this is what I've been saying. VXJ7 is done on 4/19 (Wednesday). The first round of election is on 4/23 (Sunday). I understand the connection to 1 month forward vol and all that, but in the case of US elections, the front month VXX6 was still bid up (in a somewhat similar fashion), whereas...

Am I taking crazy pills or something? The first round of election is on Sunday the 23rd, just as you said previously. Top candidates then have a run off on May 7. All well and good from a *theoretical* standpoint. :-)

And VXJ7 expires on 4/19, doesn't it - so what's up with that? Why don't we see K cranked up instead, especially given that the election theoretically *could* extend into May?

If you want sub-minute granularity on US and things outside the US, I think it's a given you're gonna either pay $$$ up or have to come up with something on your own. Why would you need sub-minute anyway? It's not like it's possible to even compete within that space. If it's for precision...

Disagree IMO - the curve started flattening the day after FOMC. Now sure, it may be coincidental date-wise, but my gut tells me it's not as simple as "French election" (which ends in May anyway?).

I take it you haven't worked with Indian software engineers much.

Yeah I don't know specifically why they did this - however, the contract was already heading to CME months ago, even before that spec change. I even asked ICE why they did this back in November, 2016 and their reply was simply: "We have had customer demand for quite some time for a smaller...

Oh yeah, yeah, yeah, what a "deal!":

Glad to see we've got some "the Toronto market will never go down" type posts - which pretty much ensures it's going to happen.