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Aren't you worried that the curve will go back to contango in a stable rate envrionment?

Norwegian oil fields are nationalized. The major source of revenue is not from taxes but from direct profits in oil production. Equinor (former Statoil) is majority owned by the Norwegian state and has a revenue of $62B. https://en.m.wikipedia.org/wiki/Equinor

Yes but that was the whole point of the documentary, the decline of the floor and the loss of jobs, and the impact on people's lives as a result.

Thanks Bob, Can you share with us how locals typically traded options on the floor. Was it just a matter of being on the bids and offers and trying to be ahead of commercial flow?

Is there implied pricing in the fly market?

Do you execute the fly as an exchange traded contract or do you leg the spreads?

Did you finish all the courses?

What's up with CLU8V8X8 fly?

How do you deseasonalise the NG curve?

Your debt.

Sounds pretty sweet.

That was filmed right after he lost millions. So the hesitation is probably more like a reflection on what the f*ck he is doing. I don't think he cares much what a cab driver thinks about him.

From your experience, are the top traders entering outrights while leaning on spreads or are they putting on spreads from the get go?

Awesome. Cheers mate.

The video is private. Can't access it.

Wow, you are seriously dense man.

No, that's the plain expected return. If you divide that by the risk L you get the expected return per risk, which is what you call SPS.

The SPS is just the expectation value per risked dollar. Certainly a relevant statistic but hardly anything new.

1. Take UL = UL - delta/gamma 2. Calculate new delta and gamma by plugin UL in BS calculator. 3. If |delta| > epsilon, where epsilon is a small positive number, goto 1. Else UL is UL(delta=0).

Greece is the word! http://www.youtube.com/watch?v=EmvoJUJJonQ