MY COUSIN MARK WAS ARRESTED IN 2012 FOR CRIMES HE DID NOT COMMIT, HELD FOR 4 YEARS, AND THEN WRONGFULLY CONVICTED AND SENTENCED TO 49 YEARS FOR MURDER. THERE’S AN AFFIDAVIT PROVING HIS INNOCENCE, YET HE IS STILL DUE TO SERVE UNTIL 2061. READ, SIGN, SHARE! https://t.co/jWIDapHRDS
Disclaimer: this is for prop vol traders / speculative traders.
I often get asked the question “when is the best time to sell vol”
As a guy who loves long tails/ kurtosis, I am very open to admitting that “short vol” is “statistically” the side of the trade to be on.
If you really want to find out what’s going on and why. Take the middle office guy out to eat. He will tell you where risk in the book is. He will tell you where the largest flow is coming from. He will tell you the operational kinks etc.
Netflix co-CEO Ted Sarandos is doubling down on his defense of Dave Chappelle following the mounting controversy around his latest comedy special: “We have a strong belief that content on screen doesn’t directly translate to real-world harm.” https://t.co/o6jaeXv2Sm
@grimmrad @clary262@davenewworld_2 “Waaaaaaaahhhh. I don’t like it when the people I outsource my discomfort to don’t follow my special neighborhood rules.”
Near the peak of every bull market, market participants are convinced there are shortages.
Look at real estate in 2006, Oil in 2008, etc.
At the bottom of every bear market, market participants are also convinced there is a glut.
Look at Oil in 2020 or real estate in 2012.
Our strategy is simply to do what smart families have always done:
- Acquire great assets in supply-constrained mkts
- Leverage them conservatively
- Steward them well
- Refinance them opportunistically to return capital tax-efficiently
- Hold them indefinitely