C chiguy May 10, 2006 #11 Quote from volatilitypimp: Nice call on GM. did u ring the register? More... nope... it was just a way how you could have long stock to sell in a hard to borrow issue... you have already locked your trade so p&l is already set... long stock / short synthetic stock...p&l graph looks like a big X
Quote from volatilitypimp: Nice call on GM. did u ring the register? More... nope... it was just a way how you could have long stock to sell in a hard to borrow issue... you have already locked your trade so p&l is already set... long stock / short synthetic stock...p&l graph looks like a big X
R riskarb May 10, 2006 #12 There was no arb on gm, if that's the implication. The conversion market was priced at 5% carry, one year out.
There was no arb on gm, if that's the implication. The conversion market was priced at 5% carry, one year out.
V volatilitypimp May 10, 2006 #13 Quote from chiguy: also good to have long stock like in gm... More... Got it. i was looking at this statement in a vacuum(sic). i was thinking chi was long like some 40,000 deltas in GM. that would've been nice!
Quote from chiguy: also good to have long stock like in gm... More... Got it. i was looking at this statement in a vacuum(sic). i was thinking chi was long like some 40,000 deltas in GM. that would've been nice!
