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Aug 23, 2023Liked by Kris Abdelmessih

I never had a quick comeback to these people...

Rando in the crowd: "I bot 30 vol, but I'm hedging it like it's 20 vol."

Me: "Do you mean you are putting 20 vol into your model to get a delta, and you are hedging based on that vol?"

Rando: "Yeah, especially for the upside calls, because if we 'go there' vols will be lower."

Me: "Please propose some trades to me based on these ideas you have expressed to me."

Rando: "Um. No."

Me: (giving the side eye): "Okay, Rando."

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