Jordan Wrong

Volatility trader for the most part. Max the risk and enjoy the ride

[Jordan Wrong @jordanwrong1]

@curtcarlson99 @KrisAbdelmessih Ahh right. Bad math on my part

[Jordan Wrong @jordanwrong1]

when the straddle = spot there is still gamma, so hedgers would still bid it past $100 assuming vol is expected to be higher. At 200 there no longer any gamma. So it never gets there. Is there any real world examples of 500+ vol on a 1 year? Curious to see how atm straddle was being priced!

[Jordan Wrong @jordanwrong1]

@KrisAbdelmessih @curtcarlson99 Curt has an interesting point. If the straddle trades above $100 you can buy the stock and sell the straddle for an arb at the terminal value if you can absorb the mark to market pnl. So maybe it wouldn’t trade much higher than $100 at infinite vol?

[Jordan Wrong @jordanwrong1]

@Alpha_Ex_LLC

[Jordan Wrong @jordanwrong1]

Event vol for the earnings week expo on these AI names are at levels I can’t believe. Does anyone know what’s going on there? $MU, $ASML, $TSM I’m in size and getting 🔨🔨

[Jordan Wrong @jordanwrong1]

@KrisAbdelmessih Wow so interesting. All these years I never thought the straddle had an upper bound

[Jordan Wrong @jordanwrong1]

@choffstein This is probably the biggest finding I had earlier this year. If you have a J O B, you should be punching leverage quite a bit with a portfolio made of unique risk premiums as you can withstand a significant drawdown due to your “coupon”. If I had a J O B, I’d be running 30 vol

[Jordan Wrong @jordanwrong1]

@Alpha_Ex_LLC no way! Super pumped to listen to this!

[Jordan Wrong @jordanwrong1]

@Alpha_Ex_LLC pretty absurd eh dean. Did you see the 2 year vol on MU(91)? Reminds me of TSLA peak frenzy 2022. Even then, TSLA only printed an 80 handle on the 2 year.

[Jordan Wrong @jordanwrong1]

This is truly remarkable for a 2T $ company. 2 year vol on $MU at 91%. $NVDA hit 58% at the peak in 2024

[Jordan Wrong @jordanwrong1]

From history, when my short Vega starts acting like short gamma, we are in 1 week of the top. #DRAM #MU

[Jordan Wrong @jordanwrong1]

Hey dean, huge fan and long term listener of the pod. I have made some nice coin off your ideas over the years. I was wondering if you could get traders and PM’s back on the pod specifically in the vol space. People similar to Mark Friedman. Thanks again for all the ideas and content you share

[Jordan Wrong @jordanwrong1]

@Alpha_Ex_LLC wow pretty shocking there is no variation in the event vol. Opens up some opportunities for some deep dive work. Thanks for sharing

[Jordan Wrong @jordanwrong1]

@orrdavid these are super simple terms. Makes you look amateur tbh. Im neutral on QVR but this is a bad post

[Jordan Wrong @jordanwrong1]

@scaryghostboo_ im assuming those beers crushed you. #whereIsGhost?

[Jordan Wrong @jordanwrong1]

@joe_fish34 @Alpha_Ex_LLC bro vol is flat! i sold so many this morning. Pushing 16k vega right now

[Jordan Wrong @jordanwrong1]

im in the 70/185 strangles. Your vega is pretty stable in a wide range (especially to the upside). No need to adjust strikes. If it really runs away from you, you'd have to adjust. FWIW im only in the puts because the delta < vega exposure at those strikes. So they have been rallying with spot

[Jordan Wrong @jordanwrong1]

@Alpha_Ex_LLC also intraday vol on the d30 call Sep serial. Up 4 vegas!

[Jordan Wrong @jordanwrong1]

Really interested to see what goes down faster Silver spot or Silver vega. What do you guys think?