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In general, that means that if you retain similar risk metrics, you can only produce a small absolute amount of money.

Credit or rates? I have to assume credit since if you were a rates trader, you would be punting CBOT/CME futures instead of asking this question here. Credit is tough, since it's not likely to get electronic and liquid any time soon. This said, you should have a reasonable enough sense for...

Again, I am not sure what you are calculating. You should be seeing a value around 3.25. Mid term (say 1 year), it's around 50th percentile (average has been 3.42 last year), long term it's pretty rich (expand your graph for the last 5-7 years to put things in perspective). Try this (since you...

If you live and work in the city pulling in a reasonable amount, it's almost a given that you will get hit by AMT.

I had a chat with my accountant, so I can't remember the details. The long story short, a guy making a million cash in the city of New York and paying 15k in property taxes will pay additional 7k in taxes. I pay more to garage my car - yes, I bitch and moan "this fucking city", but I have not...

Wait, how do you arrive at 65%? For company owners, the taxe rates are actually going down and they are not as concerned about real estate taxes since they usually own properties via SPVs. For most high income working people (i.e. investment bankers or hedge fund PMs like myself, who get paid on...

I have no idea how they calculate this, so I can't comment. The accepted are showing up as pretty rich - for example, SK10 is at 95th percentile. It should be intuitive, though, as at these levels of vols, the skew has to be rich - people would happily sell ATMs because realized is so low and...

Sorry, what? The skew is pretty rich, imho - look at Feb or Mar Sk10 vs historical

Well, people who could simply take off and leave have the means to set up pass-through entities. There are other means of tax avoidance that everyone should be exploring. I know I will, certainly. I certainly can’t see myself or any of the people I know in finance moving to Nevada. Let me put...

BTW, last I checked Tasty Trade system, their delta was wrong for high dividend names.

"We are not worthy!" (c)

I recall a research note by DB (I think) where they showed that if you bought X top computer stocks (I think 50 or something like that, selected and weighted by market cap) at the time and kept the whole portfolio, you would have still beaten S&P 500 handsomely. The thesis was that investing in...

That thing uses 24GB of disk space, WTF? Plus, it expects me to use Xcode instead of gcc, very annoying

Cool. Ill check it out - need something for my MacBook so I can play with code at home.

Well, the ones that did ride the bubble all the way through now have done pretty well, don’t you say? I wonder what stocks were in vogue at the time so we can create a representative basket

What’s a good x-platform IDE for c++ these days?

Serious undertaking. Just an OPRA feed parser is a project in itself.

Moved it over from another thread :) Interesting. Do you think you were a net seller of risk premium? I am not a retail trader, so take my opinion with a grain of salt. I personally have smaller capacity strategies that produce double digit returns with really attractive risk metrics. With the...

So everything in the FX market is exchanging one currency for another in some form. However, there are two basic forms: an outright or a swap. If I exchange one currency for another, it's an outright. Outright happens with a value date, from "cash" - today, "tom next"-tomorrow, "spot"-T+2 and...

How is this shit related to Wall Street news? Can we please move this thread to politics where it belongs?