Friday, February 6, 2009

Random Finance Thought of the Day

I'm going to do a lengthy overview of the 3.1 information released thus far -- there's been a lot of detailed and interesting changes listed so far. PSYCHE.

I was thinking about talking about finance stuff.

First of all, I do NOT work for Shitadel. So stop with that bullshit. I'd say I'm too cool for them (I am), but honestly they actually turned me down when I applied many years ago.

*** Redacted ***

14 comments:

aesopanonymous said...

This is the second time I have been indirectly, or in this case directly called a nerd. I resent this behavior.

Oppo said...

Unlikely to happen considering the flurry of communication from the other side of the water. No one wants to be accused of 'protectionism.'

In today's world it's like nazi-ism.

Funny that a word with 'protection' in it can be such anathema. There was a time when people would be proudly protectionist.

Anonymous said...

FINANCE UPDATE: I took a short term position down on QQQQ using march put options with a strike of 31. Gonna sell em on Monday or Tuesday. THOUGHTS?

Illexial said...

Who got to you bro

Anonymous said...

apology accepted

Oppo said...

Raddy reads Matt Drudge.

Raddy said...

nah I actually don't

I'm better informed than you'd think ^^

kzn said...

god what is going on

Oppo said...

Not if you don't read DR.

Raddy said...

DR is a decent info source no doubt, but not significantly better than a bunch of other public sites. (Such as Bloomberg, MW, or DB lol)

Raddy said...

@anon: Depends on what you want.

That position is long vol and gamma along with the short delta and you're probably getting fucked right now on all three. I'm generally a seller of options (personality-type) as I really doubt you're getting what you paid for with the vol and gamma you've got. Stick with 25 delta options to minimize dumping premium on gamma you won't scalp and jacked implied vols. (I believe the 15 deltas are the point where the imp vol starts to get jacked but I don't trade equity options really so I dunno)

Trading options as retail generally sucks although if you want downside protection/speculation, moderately OTM puts are not horrible. ATM options have too much gamma -- avoid them.

kzn said...

WHAT JUST HAPPENED

Anonymous said...

ARGH MY BRAIN HURTS.

ARGH.

Anonymous said...

"*** Redacted ***"

Stop doing that kinda shit! Luckily I've still got it in my mobile phone's rss feed reader ;)