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  1. M

    Why buy Bonds?

    Oooh la la, that here would be a spicy enchilada, indeed...
  2. M

    «Negative interest rates are a total disaster»

    You can look at it from another angle... Negative rates are the tool by which the mkt will force our elderly oppressors to lower their standard of living (work longer, invest in riskier assets, etc).
  3. M

    ATM: slightly OTM or slightly ITM?

    OTM options, as a rule, offer more leverage... Apart from the calcs you've done, have you looked at what the vols are on the two options you're comparing?
  4. M

    How does a butterfly behave at expiration when the stock ends up between the legs?

    With such a suggestive title, I am tempted to come up with all sorts of creative responses... Must resist.
  5. M

    Brexit odds at bookies vs polls vs trade

    You wanna show me a mkt then?
  6. M

    Trading the Brexit...huge IVs

    Erm, they both don't happen on Wednesdays, let alone the same Wednesday...
  7. M

    Brexit odds at bookies vs polls vs trade

    Nah, I am pretty sure Scotland polls were never showing the independence campaign in the lead at any point. However, the polls were definitely indicating a much closer vote than the bookies. I have been busy, is all...
  8. M

    Brexit odds at bookies vs polls vs trade

    I think there have been explanations given for the divergence between the bookies and the polls already. As to Scotland, what is there to see exactly?
  9. M

    Jackass of the Year Award goes to Fed's Bullard

    Well, he's data-dependent, innit? I thought that's the sorta thing we like arnd here...
  10. M

    Brexit odds at bookies vs polls vs trade

    All that said, there's the precedent of Anna Lindh to consider...
  11. M

    Brexit

    Last time an MP was killed while in service was in 1991... This is a big deal.
  12. M

    Why buy Bonds?

    They have gone pretty high already, innit? How much higher they going?
  13. M

    Brexit

    And now a Labour MP shot and stabbed in West Yorkshire...
  14. M

    Brexit odds at bookies vs polls vs trade

    UK vote rigged? That would be interesting indeed...
  15. M

    Global Macro Trading Journal

    I would tend to agree with you in this, but I think it's wise to be aware of all the shortcomings of the mkt's way of assessing the odds.
  16. M

    Brexit odds at bookies vs polls vs trade

    There are multiple issues, as I mentioned on another thread... 1) The mkt is pricing a "status quo swing", similar to the Scottish referendum. This may or may not materialize to such an extent. 2) The bets people place don't reflect their personal views, but rather their views on the outcome...
  17. M

    Global Macro Trading Journal

    No, because the "status quo" bias is variable, so the spread between the polls and the bookies doesn't have to be constant. For instance, things worked very differently in the Scottish referendum and the 2015 General Election. There are many other issues. For example, all votes are equally...
  18. M

    What is going on with volatility

    I am referring to the most recent headlines regarding the NHS and higher taxes. And yes, it sounds like blackmail and I don't like it one bit. And, for the record, previously I have always had a lot of respect for Osborne.
  19. M

    Global Macro Trading Journal

    There's been a lot written on this subject. The bookies and the polls are different sampling mechanisms. It's an open question on which one of the two gets it right this time.
  20. M

    Brexit

    Well, judging by what happened with ICM, they pull it 'cause the news organization that commissions these polls (the Guardian in this particular case), wants the results to appear on its site first.
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