I tried delta neutral strategy for Variational.
Total deposit: $100,000
Total position opened: About $240,000 USD. I used very low leverage for smaller risk of liquidation.
Points for the week: 11.20
Assuming points value at $20 per, the APR is 11.68%.
Bonded this market yesterday thinking that there would be no suprises. The sudden strike on May 25 turned NO odds for that day from less than 1% to 100%.
Interesting discussions currently going on in the Polymarket comments and UMA discord
I'm team YES, there is no consensus of credible reporting about a strike on May 24!
https://t.co/ax7HkPZ8q2
Powell is now serving as interim fed chair until Warsh takes the oath.
The ceremony has not taken place yet because
- It's weekend
- Trump just got back from China
There are no other reported complications, I expect the oath will take place next week. The odds going from 99% to 59% seems like an overreaction to me.
https://t.co/7LPkzL6Ckw
High probability market:
When will Jerome Powell depart as Fed Chair?
The senate has confirmed Warsh as new chair, so Warsh is expected to be sworn in very soon for a smooth transition with Powell. It is very likely that Powell leaves on schedule. (May 15)
Trade together with me here! https://t.co/aSN1vlnqHT