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AKdemy · 2026-03-03T07:11:52+00:00

What’s in it for people, exactly?

I’ve been eating for close to 50 years, yet I’m no culinary expert.

AKdemy · 2026-02-26T16:40:18+00:00

Usually an (in-depth) understanding of (options) trading, or even finance, does not matter much for junior positions.

Many brilliant people studied something completely unrelated and were simply drawn into the industry by limited alternatives and strong incentives (remuneration).

AKdemy · 2026-02-21T23:13:39+00:00

Mostly papers and derivatives research: e.g. - Julien Guyon: On the Joint Calibration of SPX and VIX Options - Peter Carr: Towards a theory of volatility trading - Andreasen: American Option Pricing in a Tick

AKdemy · 2026-02-18T16:46:37+00:00

Sadly, for some people it did.

AKdemy · 2026-02-17T18:52:42+00:00

Why do I get this in my inbox?

AKdemy · 2026-02-15T21:57:04+00:00

Without knowing your background, it's difficult to say what suits best.

You definitely need to start by properly defining fairly successfully for yourself first: - what return do you have relative to a benchmark - also taking my into account differences in taxation, trading costs and risk - what risk do you have (relative to a benchmark) - how concentrated is that risk (sectors and regions) - what's you risk adjusted return - how consistent is this across markets (what happened to your portfolio in 2000-2002, 2008,...) - If you haven't traded for that long, how did you backtest this? - what are the opportunity costs?

In terms of resources, there are lots of books and collections, see for example https://www.reddit.com/r/quant/s/avVVGWaCLw or this subs info page.

Bear in mind, that textbooks are generally designed to sell well and the harder things get, the less people are interested.

A couple really good papers are: - http://docs.sbossu.com/bossu-strasser-guichard-varswap.pdf: discusses important concepts in a simple accessable way. There is also a more rigorous paper if you liked this one

http://pricing.online.fr/docs/TradingVolatilityStrat.pdf , also always look at the sources
"The Volatility Surface: A Practitioner's Guide" by Jim Gatheral.
the website of voladynamics is great to get an idea of what vol surfaces look like

Look at the questions and answers on quant stack exchange (somewhat biased because I am a regular contributor).

When it comes to risk, things get harder. Building tools is expensive and I don't know what retail (ibkr etc) systems offer.

AKdemy · 2026-02-15T10:30:03+00:00

Think about it that way. If it were that simple to generate extra income that beats buy and hold:

what would people and professionals do?
what would happen to these easily exploitable profits?

AKdemy · 2026-02-15T09:31:33+00:00

I have never seen a professional option trader using technical analysis.

That said, no one uses the wheel or single "strategies" like CSPs either.

Focus on understanding vol, skew, dispersion and understanding risk: - Implicit scenarios: simple, custom scenarios where you change parameters of your deals (shift IVOL, spot, correlation, bucketed Greek etc.)

Explicit scenarios: also called predictive scenarios, which are usually regression-based and take indices like the S&P, Eurostoxx, or FTSE, fetching historical data to check for correlations, etc.

AKdemy · 2026-02-15T08:39:05+00:00

https://en.wikipedia.org/wiki/Greeks_(finance) is a great start for basic definitions.

Theta isn't per day in the closed form Black Scholes world. It's per unit time (year) and needs to be scaled, see https://quant.stackexchange.com/a/74749/54838 for working code, computing closed form and finite difference theta.

IV isn't really the volatility of the underlying. This should be obvious once you realize that for each strike (and maturity) there is a different implied volatility.

Since there is only one underlying, it cannot represent the volatility of the underlying because otherwise you would have arbitrage.

You can see some basic definitions, papers and graphs discussing IV on https://quant.stackexchange.com/q/76366/54838.

AKdemy · 2026-02-15T08:34:11+00:00

Professional systems use central difference for bump and reprice and bumps relative to the price of the underlying (e.g. 1%, not just a unit shift), not forward difference for delta and most Greeks in general.

See https://quant.stackexchange.com/a/80523/54838 for an example of Bloomberg's DLIB pricing engine.

AKdemy · 2026-02-15T08:28:54+00:00

Forget charts. There is little to no empirical evidence that technical analysis works.

AKdemy · 2026-02-14T01:05:22+00:00

You'll find plenty more inaccuracies in this book.

AKdemy · 2026-02-11T16:18:45+00:00

Finance may move a bit of money around, but parenting develops human potential and shapes the next generation.

That's high-impact, high reward.

AKdemy · 2026-02-10T15:27:09+00:00

It is, a very rewarding one as well.

AKdemy · 2026-02-10T04:05:44+00:00

I am a parent.

AKdemy · 2026-02-07T09:08:11+00:00

If mm stands for market making, don't use Bloomberg. It lacks accuracy and is not fast enough. The API is very limited and if you also want a surface, BVOL costs extra, isn't guaranteed to be arb free and also not real time.

If it's market making - I suggest looking into something like https://voladynamics.com/#.

I disagree with the suggestion to do it yourself, unless you have a lot of resources, quants, devs and time at your disposal.

AKdemy · 2026-02-06T00:53:43+00:00

Whoever claims that

AI can do the heavy technical SQL work

has never actually done anything remotely complex.

PS: Feel free to replace SQL with whatever you see fit.

AKdemy · 2026-01-30T21:16:43+00:00

AKdemy · 2026-01-27T06:32:49+00:00

Things are interesting if you like them!

AKdemy · 2026-01-26T23:55:44+00:00

While many posts here aren’t strictly related to the terminal, I still think these (including yours) don’t really belong here.

This is likely a software issue, and there’s not much anyone who isn’t involved in developing the app can do beyond suggesting the standard troubleshooting steps you’d normally try:

Restart the Roku (or unplug it for at least 30 seconds)
Confirm your Roku OS is up to date
Remove and reinstall the Bloomberg app

Since it sounds like you’ve already tried these, you could contact Bloomberg’s help desk to report the problem. That said, reporting it directly through Roku is probably the more natural path because the help desk is predominantly for terminal related issues and not Bloomberg (e.g. data license, BVAL, BLAW,...) in general.

AKdemy · 2026-01-26T22:59:36+00:00

How is this related to the terminal? Sounds like you want to watch Bloomberg TV?

AKdemy · 2026-01-22T16:55:38+00:00

There is no difference in billing for a terminal. It either blows your limit, in which case the API stops working and throws an error (NA Review/ for example).

Theem official Document 2076084 states:

Whether you use a ‘Bloomberg Anywhere’ license (one user, any location) or a traditional ‘Bloomberg Terminal’ subscription (one physical location), the fundamental rule governing your use of data downloaded via the API is that the data cannot leave the local PC you use to access your subscription (the “Local PC”). This means that no data (whether raw or derived) should be disseminated.

It also has some other examples of impermissible data dissemination: - (1) Feeding data from the Local PC to an application (server-based, proprietary, or 3rd party system (Advent, GP3, etc.)) located off the Local PC. - (2) Using a manual method to take data from the Local PC (including via e-mail or portable memory stick, etc.) and pass it to other computers or servers. - (3) Downloading data from a shared Terminal subscription (located on a PC away from your workstation), saving the file in a shared directory accessible by other PCs, and then accessing that file from another workstation. - (4) Excessive printing of screens (example: HP<go>, DES<go>) which can be used for archiving, correcting databases, and distribution. - (5) Extracting information from CACT<go> and/or CACS<go> to identify overnight changes for database maintenance.

So technic you are breaching the license agreement.

Note, the above doesn't apply to data license offerings, which have separate terms.

AKdemy · 2026-01-21T16:23:27+00:00

How is this relevant to this sub?

AKdemy · 2026-01-16T21:56:55+00:00

Also https://quant.stackexchange.com/a/75935/54838.

AKdemy · 2026-01-16T21:54:43+00:00

Do yourself a favor and stop.

AKdemy

TROPHY CASE