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You presented it as if that bit of “education” was crucial to their professional success. I have no idea if they’re good or not, but I am certain that taking a course with them is not going to materially influence your chances of getting a real job in finance (especially a job with a pnl...

If it’s a cash settled future, my intuition would be to let it expire. You get guaranteed savings on the trading costs of one leg. The gap is zero expectation, unless you have a prior about it’s bias (in which case you should make a strategy out of it). In fact, I actually do this if the listed...

Since it's an obvious variation on T-stat, this automatically assumes some degree of trading frequency. I'd say for a strategy with occasional presence in the market, you should do it per trade instance (using the same T-stat logic). Also, if the strategy has a dominant direction (e.g. you keep...

I am only laughing because it's one of the more ridiculous claims made on this forum (having worked at one of the firms mentioned and having been working in finance for many years). What probably happens is that outfit had some people that took their course and later happen to find a job with a...

https://books.google.com/books/about/Smart_Portfolios.html?id=Z1k1DwAAQBAJ&hl=en I downloaded a sample and probably going to buy the book (which is unusual for me - my literacy level is very low)

I have toyed with the idea of owning rental property. My conclusion was that once management/taxes/upkeep taken into account the residual returns are the same or lower than broad equity in risk adjusted terms. My main gripe is that you are buying X properties with a variety of idiosyncratic...

Sorry, how does 2 have higher expected trading costs that 3? You are trading one contract as opposed to trying to leg a spread, unless I am missing something. PS. Many markets that do not have an official calendar spread market might have a liquid roll market vs other participants. That’s where...

I think the whole idea was on the silly side to begin with, but it was clearly doomed the moment Larkin joined the place.

Corrected it for you :) This said, I am not surprised. Seems like social animals are, in general, more intelligent.

If this is a major currency pair on a regulated exchange I would think you are missing something. In most cases when people think there is an arbitrage these is some issue that they are missing

I am 1600% bid :)

Where’s your offer in front month vol on BTC/USD? :)

Is there a specific reason for this condition? If you are able to extract alpha and capacity is not a concern, there is literally zero reason not to use outside capital. I think most people underestimate the value of luck in our lives. The best analogy is a stochastic process for a stock price...

From what I remember, it becomes a carry trade later that night :)

I missed all the excitement. I guess that's for the better :)

If you can manage the future, there is no real need to predict it :)

Since I am too lazy to read the thread, what is the basic premise? PS. I assume we are not talking about dividend gamma here, do we?

No arb there :)

Next time you’re in the city, give me a shout and I’ll buy you a drink!

Bobby Vance is a steak house - kind of a staple NY broker dinner. I’ve eaten there more than I can count and I am vegetarian :)