Best of luck to Benn. Not your first rodeo, neither your last. You've helped countless people on X and in person, and I hope you just keep going. Even the thread below is helpful.
To those who dunk: the ones without sin among you can first cast a stone. Or at least try [risk-] managing a HF, then come back.
@IvanaSpear Lots of Worker adoption in SMB/smaller apps, not much in the Enterprise. Dunno w/startups. Disagree that there's an advantage of an AI workload running at the edge vs further downstream. Own models -> compute is a bigger impact. IMO Workers isn't a needle mover. Disc: long $NET
@StrizziJ@SilkLifeMedSpa For anyone thinking about doing this: do your own due diligence. https://t.co/RJBJqmMh5Q and https://t.co/oGeXofSzIz are good takes. TLDR: In US FDA has approved testosterone products only for those with a medical condition, all other uses are "off-label"
@KrisAbdelmessih Playing devils' advocate (DA): with the exception of first para, the rest is not relevant to retail. 1st para: delta-worth in stock is capital-intensive and lacks adrenaline rush. DA mode off: your post and illustrations are very valuable, but IMO retail is not your audience.
Diversification strategy for long equity ports. It takes advantage of overpriced long puts by selling puts and buying calls at the same strike (+ hedge of U/L). This combo is the "risk reversal effect" (RRE). Low correlation to U/L; P/L ~ Vanna. 15-delta has the highest Sharpe.
Fantastic work. I recommend a detour via Adam's blog (link in his bio) where he presents what he calls the "greatest hits" overview of the paper, a masterclass in wrestling whataboutists to the ground. h/t @TheBrowser
My paper with @DanTGilbert is out today in Nature: people believe that people are less kind than they used to be, they're probably wrong about that, and we have an idea where this illusion comes from. https://t.co/n548VN5EiQ
@IvanaSpear Alternatively, you can jump in after earnings IF there's a surprise (up or down). Post-announcement earnings drift (PEAD) is a well-researched anomaly: see https://t.co/ux7zsiU8gB for a summary. How to trade: via volatility, e.g vertical option spreads as a conservative approach
@bootsiejones Yessir! I took this trade thanks to your prompt and made out like a fat rat. Now going to slop the hogs, dig the well, and plow the south forty before breakfast.