The Really Useless Thread | Page 3126 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Really Useless System 25 replies

Bloomberg: VIX Indicator useless for forecasting the direction of equity prices 0 replies

The Really Really Boring Forex System 97 replies

Attachments: The Really Useless Thread
Exit Attachments

The Really Useless Thread

  • #62,501
  • Mar 6, 2012 11:14pm Mar 6, 2012 11:14pm
Quoting PayTheLimit
do you want to play a game..
global thermonuclear war sir
  • #62,502
  • Mar 6, 2012 11:16pm Mar 6, 2012 11:16pm
Quoting fxjawn
global thermonuclear war sir
take us to defcon 3...
Look Sharp/Trade Tight
  • #62,503
  • Mar 6, 2012 11:19pm Mar 6, 2012 11:19pm
monthlies..
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 21 KB
Look Sharp/Trade Tight
  • #62,504
  • Mar 6, 2012 11:30pm Mar 6, 2012 11:30pm
still short my full line, looks like I might have to withstand a test of 3169, not sure what to do really, still like a chance at 3066/74, but looking at the monthlies, might have to play for last months low, 2974..guess I'll wait for LO before I make some sort of decision...
Look Sharp/Trade Tight
  • #62,505
  • Mar 6, 2012 11:36pm Mar 6, 2012 11:36pm
Quoting PayTheLimit
still short my full line, looks like I might have to withstand a test of 3169, not sure what to do really, still like a chance at 3066/74, but looking at the monthlies, might have to play for last months low, 2974..guess I'll wait for LO before I make some sort of decision...
have u just been doing 1 trade a week? if it goes it goes type thing
  • #62,506
  • Mar 6, 2012 11:39pm Mar 6, 2012 11:39pm
dear fxjawn,


SUCK IT!
  • #62,507
  • Mar 6, 2012 11:43pm Mar 6, 2012 11:43pm
Quoting fxjawn
have u just been doing 1 trade a week? if it goes it goes type thing
more like 2-3 a week it seems, but not by design so much, just trying to be more selective as to where I take my shots..
Look Sharp/Trade Tight
  • #62,508
  • Mar 6, 2012 11:59pm Mar 6, 2012 11:59pm
bbl..
Look Sharp/Trade Tight
  • #62,509
  • Mar 7, 2012 12:22am Mar 7, 2012 12:22am
since we broke a tl.. 3188 or 3194 is doable. 3155 is still a r and the others already posted.
those who can, do. those who cant, talk about those who can
  • #62,510
  • Mar 7, 2012 12:55am Mar 7, 2012 12:55am
Quoting PayTheLimit
bbl..
PTL.. if you were the interviewer.. what would a good question about the option pricing theory look like??
  • #62,511
  • Mar 7, 2012 1:14am Mar 7, 2012 1:14am
Quoting darimik
PTL.. if you were the interviewer.. what would a good question about the option pricing theory look like??

tough call bro, guess it depends on the type of firm your looking at..I would guess that equity/fixed income guys will try to ask you for the variable's in Black Scholes, which are more key, and how the relate, they might ask you about warrant pricing..commodities guys will prolly focus more on implied volatility...I had a guy ask me to give him a bid/offer on an option which he gave me the parameters for, with out pencil and papper, ofc I was off by a mile, lol..what type of firm is it?
Look Sharp/Trade Tight
  • #62,512
  • Mar 7, 2012 1:17am Mar 7, 2012 1:17am
Quoting gatorinla
since we broke a tl.. 3188 or 3194 is doable. 3155 is still a r and the others already posted.
what about 3164/69, anything to hang my hat on there?
Look Sharp/Trade Tight
  • #62,513
  • Mar 7, 2012 1:20am Mar 7, 2012 1:20am
all i know is u quote the lil one first
  • #62,514
  • Mar 7, 2012 1:21am Mar 7, 2012 1:21am
Quoting fxjawn
all i know is u quote the lil one first
Look Sharp/Trade Tight
  • #62,515
  • Mar 7, 2012 1:22am Mar 7, 2012 1:22am
Quoting PayTheLimit
  • #62,516
  • Mar 7, 2012 1:29am Mar 7, 2012 1:29am
Quoting PayTheLimit
tough call bro, guess it depends on the type of firm your looking at..I would guess that equity/fixed income guys will try to ask you for the variable's in Black Scholes, which are more key, and how the relate, they might ask you about warrant pricing..commodities guys will prolly focus more on implied volatility...I had a guy ask me to give him a bid/offer on an option which he gave me the parameters for, with out pencil and papper, ofc I was off by a mile, lol..what type of firm is it?
market maker... equity, fixed income, commodities... I should also know the open outcry basics as I think it will be relevant..

black and scholes is alright.. and implied volatility is just a volatility based on the current option price ? if used in a pricing model it gives you a value of the current market price?

also, implied volatility can be used as a quote, instead of the actual option price?

I also heard they like to randomly ask things like 35x35 or 79x99...
  • #62,517
  • Mar 7, 2012 1:31am Mar 7, 2012 1:31am
whats the news with facebook, cyber attack?
Look Sharp/Trade Tight
  • #62,518
  • Mar 7, 2012 1:38am Mar 7, 2012 1:38am
Quoting darimik
market maker... equity, fixed income, commodities... I should also know the open outcry basics as I think it will be relevant..

black and scholes is alright.. and implied volatility is just a volatility based on the current option price ? if used in a pricing model it gives you a value of the current market price?

also, implied volatility can be used as a quote, instead of the actual option price?

I also heard they like to randomly ask things like 35x35 or 79x99...
they might ask you to estimate just about anything, from how much the state of texas weighs, to how many ice cubes you could fit inside the moon, they are more interested in how you derive you answer..

yea, implied is what the market is forecasting this second, thus it will/should equal the fair value of most options on the board..

and yes, they quote it often, so if front month, or one-month implied vol is say 13%, a market maker will quote you 12% bid at 14% offer...
Look Sharp/Trade Tight
  • #62,519
  • Mar 7, 2012 1:41am Mar 7, 2012 1:41am
Quoting PayTheLimit
they might ask you to estimate just about anything, from how much the state of texas weighs, to how many ice cubes you could fit inside the moon, they are more interested in how you derive you answer..

yea, implied is what the market is forecasting this second, thus it will/should equal the fair value of most options on the board..

and yes, they quote it often, so if front month, or one-month implied vol is say 13%, a market maker will quote you 12% bid at 14% offer...
competition is tough.. do you have any idea what general qualities stand out for firms like that?
  • #62,520
  • Mar 7, 2012 1:47am Mar 7, 2012 1:47am
Quoting darimik
competition is tough.. do you have any idea what general qualities stand out for firms like that?
its a difficult question, depends on who is doing the asking..but the usual stuff, math skills, confidence, etc..plus things have changed now since its gone upstairs on the machines...there used to be a options firm in Chicago that only hired guys that were at least 6ft tall, and captains of some type of high school team...those guys where giants, lol, they wanted big guys because of the advantage it gave them in fighting for orders in the pit..
Look Sharp/Trade Tight
79 traders viewing now