Don't you agree that if he used more tight risk management he would never post good returns in the first place? To me, it's inherent problem with shorting gamma ... You are much better off holding tight. If you blow up, oh well ...
Anyone Got Any Good Crude Stories to Tell
- Thread starter Ayn Rand
- Start date
Until Trump tweets that he is lifting all tariffs on China. Watch it zoom north if that happens.
Crude is for pussies. Seen much bigger moves in distillates. I’ve seen the Gasoline Crack Spread have a trading range 3 times that for flat price CL SAME DAY.
By far and away the most adult swim is in ELECTRICITY. Seen 1,000 percent vol swings intraday Summer. Seen a Citadel HF Desk blow up in PJM; seen a Deutsche Bank Desk blow up in ERCOT.
By far and away the most adult swim is in ELECTRICITY. Seen 1,000 percent vol swings intraday Summer. Seen a Citadel HF Desk blow up in PJM; seen a Deutsche Bank Desk blow up in ERCOT.
Dayum, bone is on a tear. RB was truly a sucker for longs today. The thing was down like 9 cents today. Wish I had stuck with energies. :-(
Ken Griffin was smart but it ended his Fund’s electricity trading ability. Citadel organized its power trading desk under a minimally funded Illinois LLC but their trading was represented to PJM as Citadel HF. They blew up spectacularly - but tens of millions of dollars later in legal fees the LLC status was upheld. Won the battle but lost the war.
Counterparty integrity is paramount in the OTC world - certainly didn’t HELP Citadel.
About ten years ago I posted asking about Cordier. Selling naked commodity options and only hedging by selling the other leg of what becomes a strangle seems like picking up nickels in front of a bulldozer. Works till it doesn't. I give him respect for the video. I do believe he is a man of integrity.