@volmagorov This was fantastic, thanks for sharing. Any chance you can recommend some resources for learning how the simultaneous rebalance of delta, vega, and gamma is done, without giving away too much of the secret sauce?
@ErikSTownsend AFAIK the April 8th announcement hinted that they can switch to negative pricing if any futures contract triggers a specific price. Didn't the official announcement on K0 come around 12:30 on April 20th, just 90 min before it went negative?
@RydenWriting @ErikSTownsend According to that notice RBOB and Heating Oil can also go negative. I believe ICE is structuring for negative pricing on Brent as well.
@CoveringDelta@garyHeff@TrustlessState I can't see myself reading the transcripts. But if you create a new tier that is just overtime, show notes and rundown I'll sign up today.
"[We] don't have a way to change the behavior of seven-point-five billion people carrying their beliefs around like precious gems wrapped in hand grenades." https://t.co/8NTwgx5ZL7
Since 2010, the big US airlines have spent 96% of their free cash flow on stock buybacks. Now marry that with the *enormous* stock-based comp of CEOs like Munoz, Parker and Kelly ...
They're asking US taxpayers for $25 billion today.