@prpl8@orrdavid@BillAckman I sold all ORR I had today and second this - @orrdavid might be a good/maybe even great investor, but his arrogance and... um ... unconventional views leave me wanting to have nothing whatsoever to do with him or his investment vehicles.
@BoVPrivate IRAN'S PRESIDENT PEZESHKIAN STATES THEY ARE PREPARED TO END THE WAR IF THEY RECEIVE GUARANTEES.
They said this before, I'm not sure why this is anything new... but anyway. :)
@Merridew__@cryptobyrde Could be also that everybody is front-running pre-FOMC vol crush / usual SPX levitation into it.... surprising to see this with CL still green, but could be one reason?
@Merridew__@Merridew__ - keep meaning to ask you... with these structures, given that you don't hedge deltas, what do you do when it moves against you? Hold to a level and then close at a loss, that simple?
@prpl8 There's a notion of an "investment clock" - an assumption that asset classes move in a fairly orderly sequence. Price trends in one asset class inexorably lead to trends in the others. Ditto for volatility in asset classes. :)