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It depends and is very not straightforward. Most OMMs that you would trade with are closer to HFT stock traders rather than vol traders. Let's ignore those. Among vol traders (MMs that would keep meaningful positions in gamma or vega overnight), guys making markets in liquid products would...

I'd be interested to check it out (tough I am for profit) - looking at social sentiment is on my to-do list.

Fund

We use TradeWeb for OIS, but for most equity derivatives (which we only trade barriers and variance) we are covered directly by the dealers.

Well, it's not really true. If you have to price an option in isolation (e.g. on an asset that has no liquid options market), you would use the best guess of the expected volatility as an input. Same goes for other pricing parameters, e.g. if you are pricing a call spread in isolation, you would...

I have some thoughts about Russia/Ukraine/Belarus with regards to quant trading research. I would like to bounce them off someone who is local to these countries and knows the local situation. Could you reach out to me via PM? I will owe you a beer or a favor :)

I know a thing or two. While I have never ran a SNO book while I was on the sell side, I have managed plenty single name risk and I certainly execute "some" SN vol with dealers now. Ps. It's possible that we have worked together, world is funny like that

By all means, enlighten us :) By the looks of it (200k in SN vega) some dealer desk too it down, either as a listed print or an OTC (listed would be my guess). Since we don't know where the stock was crossed, it's hard to guess the price or the impact on vol, but usually large SNO prints are...

My dog :) Honestly, if you have a diverse enough set of managers/strategies, nobody can figure out where your alpha is from it. Plus, most allocators have legal obligations not to share specific details about any fund positions.

Close but not really. Just for educational purposes, here is the general idea in less than a hundred words. Prior to the financial crisis, banks really liked to issue CDO. CDO is just a repackaged pool of bonds where different tranches have different credit ratings (usually there would be a...

Of course I have "never worked in production environment", I am not an IT professional by any means. Hacking the code seems to have worked well enough for me for the past 20 years :)

You know, I can bring him without having to raise capital :)

In your opinion, do you think biotech events like these are over or under-priced? I am tempted to do a study but don't have the energy or the time...

What do you actually know about that trade besides the number?

For the vast majority of options strategies, you need portfolio margin and that starts at 110k. Two points: (1) Instead of searching for a single "killer strategy", you would almost certainly be better served by developing a collection of simple de-correlated strategies (think lower Sharpe...

At a certain level of detail specifications become a prototype :) I doubt, thought, that a community college student will be able to tackle what I need done. Not important. If you learn a programming process (in any language, be it Python or Fortran) the "right way", you can quickly pick up any...

Could you show where you can hire a competent developer for a few bucks an hour? Cause I'd hire a couple :)

Yeah, a group of guys I know trade their own money this way. They call it "the coop". They had to make some sophisticated agreements to avoid freeloading (key problem in that kind of environment) and every strategy is approved by every partner. If you get a bunch of people with different...

For a second, it sounded like you are talking about women. Best trading instrument is the one which has sufficient but not exorbitant liquidity and that's complex enough to be a hassle for most players. Something like Thai stocks :)

Is it? I mean, the vol is at 300% (nice double digit move is expected for the event), but i did not see any p/c dislocations.