Get long

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reason I am answering for him is i asked the exact same question in an older thread. reads like a college text book...prolly because it is in some places idk lol.

Thanks, that actually is a college textbook. Just started reading Derman Volatility Smile.

@destriero, what is vol-arb and how do I learn about it?
 
Dealer wanted a new boat. I'd seen it in Carnelian Bay over the summer and it was sold and the deal fell through. Negotiated over a couple weeks. It was a bit under 200.

Given your trading wins documented on here, I figured you would have bought one of these:

b7dYCCS_02y-0-0-0-0-1660033151__800.jpg
 
Destriero, as you mentioned long vol/tail, are structures like short butterflies part of the arsenal?

Time flies are a component. Long vol/tails. It can even be sent as a complex order. I cannot show the expiration stress, but here's a running NDX position. Pic shown is stress of LTD at 0 volshift.

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It exists.

https://en.wikipedia.org/wiki/Destriero

60,000 HP, crossed the Atlantic ocean in under 3 days. Crossed it twice without refueling.


Yeah, I had no idea that yacht existed when I coined this nick. It actually refers to my first big watch flip. The IWC il Destriero Scafusia. I bought it really well but it was so illiquid that it took me more than a year to sell and it's a good story. I was celebrating my biggest YTD and it was a cautionary tale of big wins, big taxes and basically degen behavior (drugs, travel, spending it all). Pit Boss approved a $50K DP Craps wager at Caesar's and opened with a 7. Fiction has to make sense.

What's funny is ppl have chastised me pub/private for being ostentatious/posing with the yacht nick. Nothing to do with some fcking yacht lol. I've yet to make enough to justify my Grail (Hinckley Talaria 57).
 
Yeah, I had no idea that yacht existed when I coined this nick. It actually refers to my first big watch flip. The IWC il Destriero Scafusia. I bought it really well but it was so illiquid that it took me more than a year to sell and it's a good story. I was celebrating my biggest YTD and it was a cautionary tale of big wins, big taxes and basically degen behavior (drugs, travel, spending it all). Pit Boss approved a $50K DP Craps wager at Caesar's and opened with a 7. Fiction has to make sense.

What's funny is ppl have chastised me pub/private for being ostentatious/posing with the yacht nick. Nothing to do with some fcking yacht lol. I've yet to make enough to justify my Grail (Hinckley Talaria 57).
IWC makes a good watch, I had a couple of Pilot's Chrono's back when I wore watches.....more liquid than the Destriero :D
 
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