fzzz

[fzzz @fuzzycapital]

brb meditating

[• @Al__Quraan]

When death approaches any of them, they cry, “My Lord! Send me back” [23:99]

[Kris Sidial🇺🇸 @Ksidiii]

One of the biggest challenges for younger traders venturing into volatility trading is their obsession with pricing models.

I’ve encountered many junior traders who become overly focused on developing and optimizing pricing models for volatility surfaces. The problem with this fixation is that it often leads to a fundamental misunderstanding of how volatility markets truly operate. They become enamored with the idea that their model provides the “correct” price.

For example, they might see a 1-month option trading at a 25Vol priced at 0.15, while their model suggests it should be priced at a 15Vol, or 0.05 in premium terms. They then convince themselves that their theo price is infallible, leading to misguided actions like thinking, “This option is priced 200% higher than my model; I should sell it immediately.”

Successful volatility trading requires more than just a robust pricing model. While a good model is essential for capturing historical volatility surfaces and serving as a reference, the key lies in understanding the market flows and dynamics driving dislocations or apparent “mispricings.”

There are countless examples of inexperienced volatility traders being steamrolled by the market because they naively assumed their model’s price was the ultimate truth.

A good starting point for aspiring volatility traders is to develop a clear understanding of the main players in the market and their typical behaviors.

For example, insurance companies are among the largest traders of Vega on the street. Their exposure is predominantly in long-dated Vega, but this positioning often compels them to sell short-dated S&P volatility during spikes. That is a very repetitive flow once Vol starts crossing certain levels. Similarly, billions in assets under management are allocated to quantitative investment strategies (QIS) hedging programs, with some programs designed to buy $VIX options when it dips below 13. These kinds of patterns and behaviors provide crucial insights into the flow dynamics shaping the market.

TL;DR: Focus on understanding the key players and their tendencies within the volatility market. This approach provides a more comprehensive perspective compared to relying solely on pricing models in isolation.

[gian @notgodcomplex96]

Lesson here, if u wanna succeed stop thinkin bout money it only has cons and no genuine pros, just play the game for the sake of competition.

Put it in the books, is just another fuckin trade, I dont care.

[• @Al__Quraan]

“If Allah finds goodness in your hearts, He will give you better.”

— Al Qur’aan [8:70]

[Kris @KrisAbdelmessih]

Today's moontower isn't paywalled. Headed off to vacation tomorrow so writing will resume in early Dec

Happy Thanksgiving and thanks to y'all for the encouragement and support
☮️🐫

Ok let's thread this sucker...

[Innerdevcrypto @Innerdevcrypto]

@efficiencymaxi no, takes years of serious inner work to cleanse all the bad energies, hooked on entities, and recover mentally and emotionally.
most never truly recover since they don´t take their inner development seriously

[Hadith of the Day @Hadithoftheday]

Ibn Mas'ud (RA) narrated that the Messenger of Allah (ﷺ) said: “He who guides (others) to an act of goodness, will have a reward similar to that of its doer.”

(Bulugh al-Maram, Book 16, Hadith 1466)

[Wojak Satoshi @WojakSatoshi]

god.pdf

https://t.co/pyyXttBSTh

[M. Hazeena Syed @SyedHazeena]

Rabbana atina min-ladunka rahmatan wahayyi' lana min amrina rashada(n)

"Our Lord! Bestow on us mercy from Yourself, and facilitate for us our affair in the right way!"
 [Al-Kahf 18:10]

#Quran

[Qur'ān @Tilawatulquran]

Beautiful recitation from suratul Kahf by Sheikh Afif (حفظه الله). so calming, subhanallah!🥺❤

Don't forget to recite Surat al-Kahfi as today's Jum'ah❤️

[Hadith of the Day @Hadithoftheday]

Abu Hurairah (RA) narrated that: The Messenger of Allah (SAW) said: “Whoever wishes that Allah would respond to him during hardship and grief, then let him supplicate plentifully when at ease.” (Jami` at-Tirmidhi 3382, Book 48, Hadith 13)

[The Wall Street Journal @WSJ]

The formula was simple: half a liter of water, a pinch of salt, a fistful of sugar. The result was that millions of lives were saved. https://t.co/fDCQMGVFmE

[• @Al__Quraan]

“My success comes only through Allah.”

— Al Qur’aan [11:88]

[• @Alhamdhulillaah]

رب إني لما أنزلت إلي من خير فقير

[Rabbi innī limā anzalta ilayya min khayrin faqīr]

My Lord! I am indeed needy of whatever good You may send to me

[• @Alhamdhulillaah]

حسبي الله لا إلـه إلا هو عليه توكلت وهو رب العرش العظيم

[HasbiAllahu la ilaha illa Huwa ‘alaihi tawakkaltu wa Huwa Rabbil ‘arshil ‘azeem]

Sufficient for me is Allah; there is no deity except Him. On Him I have relied, and He is the Lord of the Great Throne.
#Quran 9:129

[Patrick ₿ Dugan _________________ @duganist]

You can react to Blast with envy, cyncism, disdain etc. but look: we're in a crypto spring environment where you can raise 9-figs with a VC brand, some cyberpunk AI art, yieldy buzzwords and claiming to be an L2, suddenly you've got a cheap term loan in a multisig. That's bullish

[Hsaka @HsakaTrades]

The quickest way to dox yourself as a crypto pleb is to ask who blew up whenever there's a marketwide nuke in a low vol/liq environment on a weekend with multiple FUDs going on.

2022 PTSD still going strong.