You understand the mechanics... how can you explain his (trade conspiracy of) being long SN-calls, short index calls, long shares as a "hedge"?
I saw his YT channel. This guy is a price-maker? He's got a bunch of Fibonacci sht on his charts.
I can't believe it.
Long dispersion is short index vol/long component vol "street" vol.
One of these guys is r*tarded.
You buy SN-vol and yeah, you can gamma-trade the vol with spot, as you're locking in excess returns over the SN/index vol-switch(swap) or whatever. The index side is...
This dude made all of this sht up on the fly. It's not even a trade. Practically, dispersion (done right) is massively constrained as it's hyper-inefficient and really only done on huge books at places like CIG. Large MMer books.
He reminds me of the guy in Blackhat (movie) that runs a FCM...
You can trade SPX vol for $0.5 per side. 100 index multiplier.
ES vol is going to run at least 1.5 per side. 50 index multiplier.
Please check my math, but I think $3/side is worser.
I don't get it. This Kramer guy is a bot.
They are long SN calls, short index (form of disp).
They are also long SN spot to hedge? Hedge what? How much size, inter-mkt could you possible commit to something this stupid?
Spooz vols have dropped more than components, absent earnings-crush...
So WTF don't they simply offer a digital struck at consensus? 0.15. People can actually decipher the payout. Make consensus the hook and push a 0.15 figure and bets are refunded on that figure less comms.
Funding this place is an IQ test.
I am going to vent here, again.
https://kalshi.com/markets/cpicore/us-core-inflation#cpicore-23jul
Core CPI >0.1 Buy
So ofc I paid 52/100 for the thing. Resolved to the hundredth (confirmed) so, ostensibly, I earn from 0.11 to 0.19 (as there are range binaries above; 0.2, 0.3, etc)
OK, so...
Also be careful with funding as it sent my ACH deposit 4X. They are having issues so perhaps start with a small test deposit. You'll know within 30 seconds.
Per Luana in email:
"We use the single digit decimal reported by the BLS. If it is 0.14 the BLS will round down to 0.1, so >0.1 would settle to NO. If it's 0.16 it would be round to 2, and >0.1 would settle to YES."
Me: be aware that the hook is on the 0.05 figure (0.05, 0.15, 0.25) etc. I had...
What are the payout rules on the Core CPI?
Does the ">0.1" binary payout at >0.11 or does it require a figure of >0.2? If the latter that's not clear in the rules.
Has nothing to do with the 1st A. He was involved in a conspiracy to enable fake electors, halt voting for 10 days, and conspired to seize voting machines. You fucking tool.