Neiderhoffer

[atticus]

Quote from nitro:

Another question I would be asking:

What was the implied distribution of VNs position? Clearly he underestimated the odds of an extreme return, and therefore bought no wings? Was he playing what he believed was too high an implied skew? The guessing can go on forever.

Here is a [delta] hedged short vol position that is simple. Short OTM puts and short the underlying in the right ratio. This could easily blow up if done wrong with size.

It is hard to believe that the man simply shorted VIX with VIX at 10 or 12.

nitro

I think you're off by a few moments. You're delta-hedged for 10 handles. There is no acceptable futures hedge when selling a 5D put into this event. Don't waste your time, as it's not open to interpretation. You can't hedge implied vol with SP futures. He sold when atm vols were at 10%. There is no method by which this turd can be polished.

Taken from Anson's, Handbook of Alternate Assets:

 

[Prevail]

when do we think this will hit the mainstream media?

 

[mekas]

Quote from atticus:

Taken from Anson's, Handbook of Alternate Assets:

For those wishing to read a little more about the issue in Anson's, here's more of the
text online on "Google Book Search": Link

 

[marketsurfer]

Here is a conversation I had with Vic back in 2005--- hopefully this will shed some light for those who don't know who/what we are talking about:
http://www.dailyspeculations.com/vic/goodboy_interview.html


surf

 

[Dr. Zhivodka]

Why does Roy Neiderhoffer have no sycophants?

 

[psytrade]

The name victor sounds more exotic maybe?

 

[Bitstream]

Quote from steve46:

Rowshan, you're an asshole plain and simple.

Marketsurfer, no one is twisting what you said. Its there in print for everyone to read. Simply put, you can't take the heat and you turn into a whining little child

Nitro, no one will discuss the real prob because they don't have the chops. As far as I can see, few here with professional training. I am pretty sure he didn't just short vol. That would be stupid beyond belief.

Once again, you can see what a fucking zoo this place has become. Nitro I would be glad to discuss the real issues over at Wilmott.

bye

don't pay the attention they crave and they'll get tired. amusing that some folks cant get over that issue; now irrelevant the truth.

 

[JSSPMK]

What I would like to know is this.

When you invest your money in a fund (any fund) and they lose your money, there is nothing you can do as you accepted risk at time of handing over funds.

On the other hand when a bank invests money in us by way of lending and when we can't meet repayment commitments lender comes after our assets and possibly bankrupts us (well we do that ourselves).

Nice to be a pawn

 

[Trader666]

All this says is that there are unidentified remains which doesn't resolve ANYTHING. Why are you even still here, asswipe? I thought you quit ET.

Quote from steve46:

Wareco;

One of two things is true, either you don't understand English

or, you figure I won't stand up for my family...

http://www.elitetrader.com/vb/showt...546453&highlight=Associated+Press#post1546453

This was resolved a long while back. You've been here long enough to have read the news report that was posted above. You and Reardon have had plenty of time to read it, to understand it and to apologize, but you haven't....Its called character, and from my point of view, you don't have any..

Who is "busted" now you pathetic asshole?

 

[atticus]

That's disturbing, but really OT for this thread.