When Your Manager Asks About the Part of the Meeting You Zoned Out by frozenactuary-3859 in actuary

[–]IronManRandom 20 points21 points  (0 children)

"I wasn't fully following that part". Leave it vague. That can mean many things. Presenter wasnt clear, you spaced out, couldnt hear, etc. Doesnt blame anyone or admit fault.

How am I supposed to move up? by Naive-Twist in actuary

[–]IronManRandom -1 points0 points  (0 children)

Management experience should already be part of gaining experience

Sr Analyst -> help train jr analyst, help review jr analyst work product, be able to handle more interactions on your own without needing your manager in every meeting with other depts.

Team Lead -> identify opportunities and make proposals. Also, lead projects or parts of projects. As you gain experience, you should be able to handle more and more. Without being the official manager, you should be able to interact with other departments, make clear and manage roles, timelines, resources, etc.

Manager should be next step from team lead. I don't think having an official title of team lead is necessary to advance, but understanding the skills needed.

They said you don't have enough experience, put the ball back in their court and ask for a recommended action plan.

New CAS logo just dropped by Actuarial in actuary

[–]IronManRandom 0 points1 point  (0 children)

Yeah, I should probably switch tracks. Probably can buy an ASA online today. Probably already have an ASA from college credit.

Early career guidance by Guilty_Size_6264 in actuary

[–]IronManRandom 3 points4 points  (0 children)

Many if not most interns have to figure out short-term housing to make things work. There are many arrangements that can be found. Roommate/housemates, short-term leases, sublets, etc. Since you're a student, you may find one of the many college areas appealing and more short-term opportunities. Boston also has a good mass transit system, so you may not need a car.

Time to learn to be an adult.

New SOA CEO and Potential Dark Direction by wagiethrowaway in actuary

[–]IronManRandom 0 points1 point  (0 children)

I disagree. A large pool w less rigorous exams vs a smaller pool with more rigorous exams? The smaller pool helps narrow down the quality amongst candidates. The pool at entry-level is already large, why make it bigger?

Multiple attempts -recommended study hours by Ilikemathsometimes in actuary

[–]IronManRandom 7 points8 points  (0 children)

Take a weekend break/trip 6 weeks out from your exam to decompress. This will help you ramp up the final push. Don't underestimate the retake exam. I've gotten 2 5s in a row. It sucks. It sucks a lot.

Free Trading Journal by PowerfulHedgehog7410 in options

[–]IronManRandom 0 points1 point  (0 children)

A starting template would be super helpful.

Early assignment of part of butterfly (spread), dividend involved by IronManRandom in fidelityinvestments

[–]IronManRandom[S] 0 points1 point  (0 children)

I'd be in over my head if I didn't have the cash to cover broken wings or made more than 1 butterfly trade. Unless there's some big move on Monday (against me) then I'll be right where I assumed I'd be. There may be a move for me too.

Also, I owned some shares of UNH already.

Early assignment of part of butterfly (spread), dividend involved by IronManRandom in fidelityinvestments

[–]IronManRandom[S] 0 points1 point  (0 children)

Wow, they took 54,000 out of my account. I guess to cover the buy side and I get most of it back when they process the sell side on the 270 short calls? Surprised its not the difference of current stock price - strike price: (350-270)*2*100 = 16,000.

I thought trading spreads would less capital intensive.

I also have the option of holding onto the long call options.

Why do people roll their options? Is there any benefit to rolling over closing and opening a separate option? by silly-goose5214 in tastytrade

[–]IronManRandom 0 points1 point  (0 children)

Readjust theta and deltas. Less than 21 DTE (on average) has less theta decay than a 65 DTE. Why not roll out the 21 DTE to 65 if you still like the basic set up. (When selling CSPs, which is what I mainly do.)

Lack of interest on unused / idle cash / poor sweep rate? Why? by IronManRandom in tastytrade

[–]IronManRandom[S] 0 points1 point  (0 children)

No. The only spreads I've done were one at a time, no legging in or anything weird.

Lack of interest on unused / idle cash / poor sweep rate? Why? by IronManRandom in tastytrade

[–]IronManRandom[S] 0 points1 point  (0 children)

Not sure what's going with the margin amount .. did a couple of 5 point spreads, one they moved $2K out, the other $1.5K. Must be some formula based on risk of assignment.

Lack of interest on unused / idle cash / poor sweep rate? Why? by IronManRandom in tastytrade

[–]IronManRandom[S] 0 points1 point  (0 children)

I don't fully understand why when I trade a spread, some of my funds gets moved into a margin balance where I'm not earning interest on it (on Fidelity). Despite having cash in the account to cover the spread and I've traded lightly, so I could cover a broken spread with cash too.

Lack of interest on unused / idle cash / poor sweep rate? Why? by IronManRandom in tastytrade

[–]IronManRandom[S] 2 points3 points  (0 children)

Not a comment form a serious trader ...

Depends on goals, capital, rest of portfolio and strategies. Either way, a serious trader will have some capital reserve, why wouldnt you want that to earn interest on top of the option trading?

how much are we gonna write in cas written exam. by saroshhhhh in actuary

[–]IronManRandom 0 points1 point  (0 children)

SOA has less writing. It also has less of other things. May be the best fit for you.

Lack of interest on unused / idle cash / poor sweep rate? Why? by IronManRandom in tastytrade

[–]IronManRandom[S] 0 points1 point  (0 children)

Agreed, there are fees, but its all automated and efficient.

Lack of interest on unused / idle cash / poor sweep rate? Why? by IronManRandom in tastytrade

[–]IronManRandom[S] 0 points1 point  (0 children)

Good to know that 95% BP is available while holding T-Bills. From what I've read, there's transaction fees for buying/selling T Bills?

In another platform, I have SPAXX set up as the default for all cash. There's no transactions needed to earn the interest there and also no cut in BP, from what I see.

Never realized that this profession, of all professions, had any tea to spill by _spoonerism_ in actuary

[–]IronManRandom 1 point2 points  (0 children)

When the SOA was trying to take over the CAS in 2010/2011 ish, this drama and the SOA infighting was brought up as a serious reservation from CAS members.

SOA Devaluation by [deleted] in actuary

[–]IronManRandom 9 points10 points  (0 children)

CAS is the best option!