Var.swaps, dispersion & other vol related trading.

Tony Optionaro said:
Hi folks,

I'll cut to the chase: I'm looking to write a thesis for my degree, and having a hard time choosing my topic. I'm currently contemplating between var.swaps basics, uses, pricing and different underlyings (such as wti), or different vol. trading strategies to name a few.

I want to make use of the time I'm going to sacrifice for this paper, so I would like to write about a topic that would possibly help me land a job in market making/sales in this space. If you have any suggestions or tips please let me know, every piece of advice is hugely appreciated.
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What sort of degree? I would assume masters. Don't get your hopes up on the fact that writing some paper will land you a job, the competition is preposterous.

Anywayz, this is not the right forum for academic-related stuff and career projections on it. Try Wilmott forum for that and have your hopes crushed there.
 
tommcginnis said:
Considering your comments, you might think about leaning back on some game theory thoughts -- something like,
"Crying 'Wolf': Tests of 4 Different Reputation & Hysteresis Shocks in Global Currency Markets"

Explain the idea, run four different evaluations, write up the results, hope for a bit of surprise, but regardless, prepare yourself for the post-TrumPidiot/Populist re-focusing on global markets' stability. You're in like Flynn. You've got elementary stat., market vol, cultural norms vis realpolitik vis game theory??? What's not to love?

:D
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what nonsense is this? Put down the peyote.
 
taowave said:
I think from a sales perspective,you are operating way above the pay grade of most of your competitors..Pretty sure your knowledge of products along with your hands on trading experience is close to the top when compared to other salesman..Definetly ahead of the curve..

What makes you say sales is an easier fit???

Its definetly an easier job :)
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applying for a job means you have to know more than you will need.

Did you have to derive itos lemma for your analyst first round interview? Have you thought about itos lemma since?
 
Wouldn't know...I started at rock bottom and met "Izzy" along the way(fluke meeting)..Much different path

newwurldmn said:
applying for a job means you have to know more than you will need.

Did you have to derive itos lemma for your analyst first round interview? Have you thought about itos lemma since?
More...
 
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taowave said:
I think from a sales perspective,you are operating way above the pay grade of most of your competitors..Pretty sure your knowledge of products along with your hands on trading experience is close to the top when compared to other salesman..Definetly ahead of the curve..

What makes you say sales is an easier fit???

Its definetly an easier job :)
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Like you said, it's easier! I haven't traded OPM before, and trading is notoriously hard, so if I can be consistent and profitable doing that, why not just trade my own money or start a fund.. I feel like in sales I could really excel and work my way up there with more certainty. Trading is definitely something I want to do, but been thinking about sales for the reasons stated previously.
Market making has been my goal for many years now.
 
Aquarians said:
the competition is preposterous.
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Yeah I know..:(
Aquarians said:
Anywayz, this is not the right forum for academic-related stuff and career projections on it. Try Wilmott forum for that and have your hopes crushed there.
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Some of the smartest people post here with such knowledge that can't be printed on a book. If I can pick their brains and/or they can give me interesting points regarding my thesis, it has been very valuable for me and maybe even some other people in my situation.
 
Tony Optionaro said:
Like you said, it's easier! I haven't traded OPM before, and trading is notoriously hard, so if I can be consistent and profitable doing that, why not just trade my own money or start a fund.. I feel like in sales I could really excel and work my way up there with more certainty. Trading is definitely something I want to do, but been thinking about sales for the reasons stated previously.
Market making has been my goal for many years now.
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Starting a fund is very hard.

trading/portfolio management in a buy side or sellside seat is different from trading at home. You have clarity of mandate and infrastructure to support you: whether that be research or flow or technology.

When I entered the career (on the sellside), I was advised to go into sales. Once you build up your clients who are loyal to you, your value is immense to a firm. This can build into recurring book of business that you can build off of.

Instead I went into trading. You are only as good as your last trade.
 
Aquarians said:
What sort of degree? I would assume masters. Don't get your hopes up on the fact that writing some paper will land you a job, the competition is preposterous.

Anywayz, this is not the right forum for academic-related stuff and career projections on it. Try Wilmott forum for that and have your hopes crushed there.
More...

You aren’t the right guy to give career advice. You get drunk and post on here about how companies take advantage of you and you are still poor.
 
Tony, your name suggests that you should do derivatives sales or trading. Tell them during the interview that you worked the word option into your name to show your dedication.
 
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