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Pro spreaders trade value.

Spreaders are all dead, I guess.

What makes you think that options are mispriced?

When someone asks me why I don't tell them specific strategies, I reply that I usually get partial fills. If they don't understand my answer....

Freddy, have you ever actually made a trade?

The point? Krugman is a political hack. His economic views are as worthless as his views on the value of the internet.

The PHD'S weren't smart enough to take their money out of the fund before the collapse.

LTCM was full of people with the credentials you so admire.

I know there is a lot of hate for pit traders on this board, but when a spreader started bidding on the floor, the single month traders stopped selling.

You couldn't arb 14% on a currency when you had to cross the Atlantic by Schooner. Now (with information travelling a bit quicker), there are thousands of algos looking to arb basis points.

Good luck with that.

93% of treadmills are used to hang laundry.

I would not consider the vast majority of money managers as 'traders'. But yes, they are professionals.

One of my worse calls of all time.

Exactly. It can be used to hedge a dedicated long equity position.

Canadian

I only trade long duration bonds like ZN as a spread against Bunds and CGB's. 3 month forward rates are basically a political animal. I find 10 year rates encompass too many variables to reliably predict.

Trading LIBOR spreads technically holds no value. Many people made millions up until 2008 by fading tops and bottoms in double flies and condors. The reason I'm not using a butterfly position for this trade is that the potential return versus the decrease in required margin is not sufficient. I...

Sell MAR22DEC23 @84 Roll front contract every 6 months as it expires On a 40 lot, ur margin will be about $20k and u can make $80k over 2 years. Fed has to raise rates over 84bps for u to lose money (if u hold the trade). My view is Fed won't raise at all, and definitely won't raise more...

His own money. Regarding the trade, I will only say it was the craziest day in the last 20 years.