“I’m just going to say one word…plastics. There’s a great future in plastics.” Quote from the movie, The Graduate As any full time trader knows or as any new trader will soon discover, there will come a time when you will be asked what you do for a living. I wish it were as easy as […]
Butterfly
But it’s a Negative Vega Trade!
“But it’s a negative vega trade, so doesn’t it lose money as the underlying goes down?”. File this with the Neiman Marcus cookie recipe, Nigerian scams and Mark Zuckerberg giving away money if you post a thank you. I’m not entirely sure why poor vega got such a bad rap; you never hear someone saying, […]
Portfolio Draw Downs
“Not even God could sink this ship” – Quote regarding the Titantic That was the belief at that time of the almighty Titantic. We all know what happened…the best built ship in the world sunk. Oh yeah, we watched Leonardo hang out with the “high class” before paying the bill in the end. Trading lesson: […]
