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Erm, I dunno maybe I didn't express myself sufficiently clearly. Did you not just agree that delta is implied by the option price? Did you not also say that "delta is the main player" for hedging? I am more than confident that you're capable of connecting the dots...

Superb! So maybe, in light of this, you could think again about an earlier statement that you made? The one where you stated that "entry price, be it fair or mispriced, is irrelevant for hedging..."

Brilliant, thank you... I confess that I was hoping for something a little more sophisticated from you, but this will do. Now maybe you could respond to the question I asked in my previous post.

Ah, fantastic... So that means that you imply the vol from the market price and then compute delta using that vol. Now you're an intelligent young man (I presume). So tell me, doesn't the above suggest that delta is, in fact, determined by the price of the option?

Yes, pls, kindly give me the formula, will you?

I would like you to explain to me the precise method which you indend to use to compute the instantaneous ("current" in your terminology) delta (let's leave the other greeks out of it) of an option and which inputs you are going to need to perform this calculation. Please feel free to provide...

Well, I dunno, let's see... I've been a buyside risk taker for more than a decade. Interest rate and, to a lesser degree, FX options are among the products I routinely rely on. Please note that I don't consider myself an expert by any stretch of the imagination. I have colleagues who are...

Yes, these questions are serious and no joke to be seen for miles around... One day, when you decide to talk less and listen more, you might understand. This stuff isn't simple: people spend years and years trading options and yet they often learn something new. I am speaking from personal...

This has much more to do with the mkt's positioning. As usual, the Fed has managed to royally f*ck over every single macro guy out there. The reason the hikes are getting priced out is because the overleveraged punter community is bailing out of a very consensus trade. It will probably...

It is what it is...

Yep, they were involved big time in Europe... When I say "involved" I mean that it was rather comically large and misguided at times from all the stories I heard. Maybe it was small fry relative to all the other stuff, but I extrapolate from that.

No, apart from the losses in their highly leveraged fixed income "arb" portfolio, LTCM also lost quite a lot of money on options. AFAIK, their problems in that space resulted from them foolishly and vigorously denying that options markets could exhibit a smile. It was a typical case of...

OKI-DOKI!

I thought the shale boom was, generally, a good thing for the US of A. Energy independence and all that jazz, innit? Also, don't low interest rates help solar and other "clean energy" producers even more? For instance, based on the numbers I have seen, while the aggregate net debt of US oil...

So now that I can see the bonds properly, using the BBG closes (11th March to 15th March)... 1) In yield terms, 5y sold off 274bps (from 8.3% to 11.04%), while 10y sold off 205.7bps (from 8.115% to 10.172%). 2) Moody's downgrade from Ba3 to B1 3) The curve inverted again and the 5s10s yield...

Thank you... I've been busy w/stuff, is all.

If you say so...

Wait a sec, so Valeant bought Salix for $11.1bn a while back. Since then we have learned the following: 1) Xifaxan, which is Salix's main drug is facing a patent challenge; 2) Valeant's Xifaxan sales missed to the tune of, I dunno, 40% or thereabouts vs expectations. And yet, someone will pay...

Well, like I said, best of luck...

Haha, if there's one thing they do care about in Europe, it's farmers, especially the French ones. Common Agricultural Policy is more than 40% of the EU's annual budget.