This Forum overtrades options

[TraDaToR]

Quote from bwolinsky:
I'm glad this gave me an opportunity to show you other facets of my past since you only seem concerned about 1 particular article that happens to have absolutely no relevance to somebody who owns an RIA, a CTA, and a stock exchange.
[/B]

Beau, I am interested in running a stock exchange too, but I have been discouraged by Eurex US and One Chicago. Can you tell us more about your business? What are you listing?

 

[Martinghoul]

Quote from bwolinsky:
You use capital management to arbitrage, and that's how I'm using it.

Whatever you say, mate...

Trust me listening to his story about the dumb overleveraged 24 year old taking otc swaption positions to lose ABN Amro over $50 million. It was a bond math question, and they took all this time, trained him, put him through level I of the CFA curriculum, and he quit as soon as they stopped trying to figure out a way to unwind those losses. There was a lot of smile problems and convexity in the discussion, so I don't want to bore you.

Dude, you have absolutely no idea what you're talking about, do you?

Do you actually know what a swaption is?

Do you realize that rate vol mkt-makers (as well as many others) never go through a CFA, 'cause a) it's useless in their biz; b) they're normally too busy to take time off for smth like a CFA?

Finally, do you actually know what a "smile" is and what "convexity" actually means?

Again, I ask you pls... Stop just using random finance terminology. I know you think nobody has a clue and you can just spout off gibberish that makes you sound all knowledgeable. However, I trade rates for a living, so I pls ask you: "Stop the bullsh1t".

 

[DontMissTheBus]

Friend - and you thought this guy's pulling your leg....

There was a thread from a while ago where bwolinksy tried to argue that he could make bank doing triangle FX arbitrage ONLY IF he had access to a bloomberg terminal.

That's right....

Beau - you should hire morganist as your chief economist at capital management arbitrage, Jack Hershey to run the quant group (you can't never use too many gaussians in a risk model), and Bullz n'Bears to run your P.R.

You'll be bigger than GS in a month.

Quote from Martinghoul:

Whatever you say, mate...

Dude, you have absolutely no idea what you're talking about, do you?

Do you actually know what a swaption is?

Do you realize that rate vol mkt-makers (as well as many others) never go through a CFA, 'cause a) it's useless in their biz; b) they're normally too busy to take time off for smth like a CFA?

Finally, do you actually know what a "smile" is and what "convexity" actually means?

Again, I ask you pls... Stop just using random finance terminology. I know you think nobody has a clue and you can just spout off gibberish that makes you sound all knowledgeable. However, I trade rates for a living, so I pls ask you: "Stop the bullsh1t".

 

[Martinghoul]

Quote from bwolinsky:
You do know I live in Kentucky where Centre College is? Where I made a scholarship of $15,000 per year for being a Governor's Scholar and winning the 2001 Kentcky State Marching Band Championships?

You know what? I thought there was no way this could be any better... Boy, was I wrong! I had no idea bwol was in a marching band!!!

How do you spell A-W-E-S-O-M-E?

The only thing that can top this is if bwol turns out to be a male cheerleader. That would just be surreal.

 

[Martinghoul]

Quote from DontMissTheBus:

You'll be bigger than GS in a month.

What you be talking about!!!! Bwol's already bigger than GS by orders of magnitude... Wake up, mate!

 

[DontMissTheBus]

No until he gets his repo financing agreements approved by AMEX and Discover... He can't do more size since Visa won't bump his $500 line.

Quote from Martinghoul:

What you be talking about!!!! Bwol's already bigger than GS by orders of magnitude... Wake up, mate!

 

[Martinghoul]

Quote from DontMissTheBus:
No until he gets his repo financing agreements approved by AMEX and Discover... He can't do more size since Visa won't bump his $500 line.

Good point... He's definitely bigger than Stanley though.

 

[DontMissTheBus]

So's my niece's piggy bank

Quote from Martinghoul:

Good point... He's definitely bigger than Stanley though.

 

[atticus]

Quote from DontMissTheBus:

Friend - and you thought this guy's pulling your leg....

There was a thread from a while ago where bwolinksy tried to argue that he could make bank doing triangle FX arbitrage

He needs to be banned from Wiki. I've never heard such BS peripheral knowledge. Guy reads a few pages of the DSM IV and deems himself sane.

What's truly bizarre is the guy has been pushing his perf as a manager and he's never kept an account in the black.

 

[Martinghoul]

Quote from DontMissTheBus:
So's my niece's piggy bank

DMTB, we have to stop with all this negativity... BWol will be bigger than any of us can imagine. It's inevitable! It's his density!