Heard Jane street guy also armed this conflict

An ex-quant trader's framework for figuring out if your job is safe: Agustin Lebron (Agustin Lebron), ex-Jane Street, author of The Laws of Trading: "Where does the value come from? Whether you're at a startup or a big company — think very, very hard about this." "Most SaaS

The first lesson anyone with any sense learns in ML/AI is that you never want to use anything that's been overfitted to a benchmark, because the benchmarks themselves have errors.

Shorting jet fuel ahead of the largest middle distillate disruption ever was quite the position already. Doing it in size, on a notoriously low liquidity market is asking for trouble. Obviously the banks market-making desks kept all the swap liquidity for their cherished

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Mike "Mish" Shedlock Military escorts are expensive. Trump has estimates on how long these countries can last in an energy shock. USA will have inflation, but no shortage. This is the game. This can last for a year. Prepare Mish. Most people resort to linear analysis. This is now non-linear ground.

Young trader who made $250mn on Russian crude sets sights on Guyana ft.trib.al/p1s3dKF

i won't comment except to point out that this is algebraically equivalent to buying 1 really wide butterfly and 8 strangles (the butterfly is technically an "iron fly") Also, they used the word "deep" when traders say "far", so the target audience is retail :-)

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when fitting curves on short dated options, do you fit to the bid / ask respectively and then take the mid of the vols? or do you take the mid of the prices and then take the vol of that? what if neither will give you the full picture? a thread on fitting 0dte curves🧵 1/11

exacerbated by AI psychosis

Oil and stocks are supposed to be linked. Sometimes they are. Sometimes they aren’t. The relationship shifts with regimes, narratives, and market structure. What looks like a stable signal is often just a temporary pattern. More here: lnkd.in/gSUtSkYm

An excellent read by Joshua Lim . Personally, I don't believe q-day is being priced in at all by current options+basis, despite the signs of longer-term increased Put skew+reduced long-term basis, which I currently believe to be due to current geopolitical circumstances and

zerohedge "As an AI I don't have a strong preference about annexing Cuba --"

The sugar refining margin is called the white premium. Here is the white premium expressed as August London white sugar less July NY raw sugar, corrected for the 4.2% polarization premium. This is US dollars per metric tonne. To refine raw sugar into white sugar, you need

James Van Straten Dealers are short around these specific strikes, but are long others which more than offset, resulting in a cumulative net modest long gamma, according to the data Amberdata . Unless it is a strike expiring within the next couple days, dealers don't care too much about

the widow maker review

How it feels to get away with it

A Russian hacker made $5 MILLION A DAY faking ad views from his apartment Aleksandr Zhukov ran a company called Media Methane out of a Bulgarian apartment On paper it was a real ad agency that placed video ads for companies like Nestle, Comcast, and The New York Times Except

Honestly confused by the bid on crypto. Btc basically now consensus has to re org delete satoshi coins + Saylor complex 4% ownership on high interest levg / ETH defi + addresses + smart contracts post mythos and re ent hacks are probably 3x previously accepted risk premium.