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How are YOU telling BP to go **** itself?

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  • #451
    For example, one fairly bad hedge would be to simply match B-S delta and vega with the JUL and AUG options and futures for an end-of-month option.

    Again, I have virtually no knowledge of equity vol products, so this isn't based on anything but speculation...

    NOTE: the reason this is a bad hedge is that it ignores the possibility of non-constant vol.

    If you use this as a hedging strategy you will lose your shirt, your house, your wife and your dog. http://apolyton.net/forums/showthrea...191673&page=16
    Last edited by KrazyHorse; June 22, 2010, 23:31.
    12-17-10 Mohamed Bouazizi NEVER FORGET
    Stadtluft Macht Frei
    Killing it is the new killing it
    Ultima Ratio Regum

    Comment

    • #452
      NOTE: the reason this is a bad hedge is that it ignores the possibility of non-constant vol.

      If you use this as a hedging strategy you will lose your shirt, your house, your wife and your dog.

      EDIT: I am not qualified, nor would I ever attempt to, sell, market, advise the purchase of yadda yadda yadda any securities, market instruments, debt instruments, derivatives, or other financial products. Please see a Series 7 qualified advisor (or the equivalent in your jurisdiction).
      Last edited by KrazyHorse; June 22, 2010, 23:39.
      12-17-10 Mohamed Bouazizi NEVER FORGET
      Stadtluft Macht Frei
      Killing it is the new killing it
      Ultima Ratio Regum

      Comment

      • #453
        Originally posted by KrazyHorse View Post
        borkerage
        The swedish stock market
        If there is no sound in space, how come you can hear the lasers?
        ){ :|:& };:

        Comment

        • #454
          Originally posted by KrazyHorse View Post
          In that case, use JUL17 as the expiration, count trading days, insert that as T, K=29, S= whatever the close was, etc
          BSOPM
          "Flutie was better than Kelly, Elway, Esiason and Cunningham." - Ben Kenobi
          "I have nothing against Wilson, but he's nowhere near the same calibre of QB as Flutie. Flutie threw for 5k+ yards in the CFL." -Ben Kenobi

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          • #455
            Alby, just admit defeat and buy index funds.
            "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
            Ben Kenobi: "That means I'm doing something right. "

            Comment

            • #456
              Originally posted by Al B. Sure! View Post
              BSOPM
              In particular, stripped-down and approximate.

              Good enough to demonstrate that you're paying far too much for risk when you day trade equities.

              Go play the casino and invest the rest in some sort of passively-managed fund.
              12-17-10 Mohamed Bouazizi NEVER FORGET
              Stadtluft Macht Frei
              Killing it is the new killing it
              Ultima Ratio Regum

              Comment

              • #457
                This thread was more fun when we were telling BP to go **** itself.
                "I have never killed a man, but I have read many obituaries with great pleasure." - Clarence Darrow
                "I didn't attend the funeral, but I sent a nice letter saying I approved of it." - Mark Twain

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                • #458
                  On the contrary, it just got fun. Unfortunately, it also means that I have to think carefully about what I'm allowed to say and what I'm not allowed to.
                  12-17-10 Mohamed Bouazizi NEVER FORGET
                  Stadtluft Macht Frei
                  Killing it is the new killing it
                  Ultima Ratio Regum

                  Comment

                  • #459
                    Index funds

                    Vanguard's seem pretty good. I intend to start an IRA and I think I'm going to invest in it (trading symbol: VEXMX).
                    If there is no sound in space, how come you can hear the lasers?
                    ){ :|:& };:

                    Comment

                    • #460
                      Originally posted by KrazyHorse View Post
                      NOTE: the reason this is a bad hedge is that it ignores the possibility of non-constant vol.

                      If you use this as a hedging strategy you will lose your shirt, your house, your wife and your dog.

                      EDIT: I am not qualified, nor would I ever attempt to, sell, market, advise the purchase of yadda yadda yadda any securities, market instruments, debt instruments, derivatives, or other financial products. Please see a Series 7 qualified advisor (or the equivalent in your jurisdiction).
                      IANAL except s/lawyer/stock broker/
                      If there is no sound in space, how come you can hear the lasers?
                      ){ :|:& };:

                      Comment

                      • #461
                        Originally posted by KrazyHorse View Post
                        On the contrary, it just got fun. Unfortunately, it also means that I have to think carefully about what I'm allowed to say and what I'm not allowed to.
                        Yes, it's an awkward situation. When people get all fired up about directory publishers on here, I need to hold my tongue. It's tough, but I manage.
                        "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                        Ben Kenobi: "That means I'm doing something right. "

                        Comment

                        • #462
                          If there is no sound in space, how come you can hear the lasers?
                          ){ :|:& };:

                          Comment

                          • #463
                            IANAL except s/lawyer/stock broker/


                            I can give legal advice because I won't get in trouble if I do.

                            For instance, did you know that it's still legal in Alabama to shoot somebody if he impregnates your livestock? Fun AND useful fact.
                            12-17-10 Mohamed Bouazizi NEVER FORGET
                            Stadtluft Macht Frei
                            Killing it is the new killing it
                            Ultima Ratio Regum

                            Comment

                            • #464
                              State legislatures often aren't full time and so they don't bother to take pointless, meaningless laws off of the books.
                              If there is no sound in space, how come you can hear the lasers?
                              ){ :|:& };:

                              Comment

                              • #465
                                It's not going to be meaningless when I lure you to Alabama and frame you for knocking up my goat.
                                "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                                Ben Kenobi: "That means I'm doing something right. "

                                Comment

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