Lawlaw

[Lawlaw @_og_ts]

@vol_ition @sdav1986 Not a massive driver YTD and especially this month. Bigger impact from implementation, higher delta worked better YTD, but suffered more MTD. Given the skews, think many traded wider strangles. Also, many disp desk are exposed to floating vol on top of fixed strike.

[Lawlaw @_og_ts]

@sdav1986 Beyond SPX, funding leg also made huge difference.

[Lawlaw @_og_ts]

@sdav1986 Did slightly positive since single collapsed. All the vol got hit, but if you avoided semis you basically did ok I think. I would suspect most disp PM where running at lower vega target than usual. Seems like everybody is loading back. Also, short tenors underperformed vs longer.

[Lawlaw @_og_ts]

@pingroot404 Je te déconseille. Je connais quelques personnes qui y sont passées.

[Lawlaw @_og_ts]

@Quercus45 Thx. Yeah was looking for equity corr hedge. Seems like we are pretty aligned here. Would definitely never trade reverse disp! Can't see how you can carry that without massive pain. Preferred to trade spot disp to mitigate risk

[Lawlaw @_og_ts]

@Quercus45 I think spx var vs KO var has been a banger for some time. Also traded some upvar. Have you spotted by any chance good correl hedge?

[Lawlaw @_og_ts]

@Quercus45 Any thoughts on current RV exo ? Happy to discuss in DM