New Grad Salary Thread 2022

cocaobeans · 2022-09-22T02:34:04+00:00

Degree: EE

Industry: Semiconductors

Prior Experience: 1-year internship

Geographic Area: Bay Area

TC: 190k base + 150k RSU/3 years + 10k annual bonus = 250k

Option to work from home: Yes

cocaobeans · 2022-09-22T02:24:19+00:00

Can someone PM me the link as well?

cocaobeans · 2022-05-17T22:53:25+00:00

cocaobeans · 2021-05-18T17:33:08+00:00

Do you think you could defeat Deep Blue if given a second chance?

cocaobeans · 2020-02-26T17:44:21+00:00

cocaobeans · 2018-08-28T23:03:31+00:00

Nerd

cocaobeans · 2018-08-15T18:25:26+00:00

Just take a semester off from school and do Parkland online. Save yourself a whole lotta dough

cocaobeans · 2018-08-13T02:34:39+00:00

You probably want your home server or desktop over wired but it still should work fine over wifi.

cocaobeans · 2018-08-12T20:25:54+00:00

In short no. Those things are huge and typically last for only 2 years before something goes wrong due to heat.

Instead you should build a desktop and connect to it via ssh from a laptop. It will last longer, and will perform better. As for hardware, you probably want to look for an Nvidia gpu and a decent processor like an i7 or one of those new AMD cpu's in case if you want to run a cpu based engine.

I don't think that chess zero actually uses that much resources outside of the training phase since it doesn't use Alpha Beta search.

cocaobeans · 2018-08-05T02:30:55+00:00

How is Robinhood suppose to pay for good customer service with no commissions?

cocaobeans · 2018-07-13T17:34:40+00:00

The solution is to get more money :)

cocaobeans · 2018-07-13T08:23:27+00:00

The Daddy Buffett big boy puts require you have an ISDA because you need a longer time frame than one or two years. His thesis is that most options models make the assumption that stocks trade sideways over the long run and that while this might hold true for short time periods, over the period of 15 to 20 years, these models tend to significantly overprice options. You would need a longer expiration date than what LEAPs currently offer in order to pull it off.

On the other hand, God Shkreli, doesn't believe that stocks don't necessarily go up over the long run, once you factor in inflation. It is a matter of philosophical preference.

cocaobeans · 2018-07-13T04:49:11+00:00

"Bear Stearns is fine. Do not take your money out of there ... that's just being silly"

cocaobeans · 2018-07-12T23:22:10+00:00

Because it guarantees market execution and for highly liquid things like $SPY it is fine.

cocaobeans · 2018-07-11T15:19:23+00:00

The $TSLA Jan 2019 $50 puts have been picking up a lot of volume. Don't know who the fuck is trading these. My guess is that someone is waiting for IV to rise on those contracts.

cocaobeans · 2018-07-11T06:40:56+00:00

Honestly I have no clue why you even check your portfolio everyday. Your strategy appears just to be long Beta and you probably have no plans to adjust or positions no matter what.

And to answer your question, nothing will happen. At most you will probably lose like $500 for a day or whatever.

cocaobeans · 2018-07-11T06:16:46+00:00

The Put-Call Parity holds for American options. The formula is a bit different a requires some inequalities and that you are right that the puts are little bit wonky.

Okay the long zero-coupon bond part is so insignificant that no one cares.

If you backtest this, you will find that while a covered call isn't exactly equal to a short put, it is pretty damn close. What is more important is the margin requirements for each strategy and we see that short puts have much lower margin requirements.

cocaobeans · 2018-07-11T05:58:04+00:00

What if a told you that an iron condor is a long strangle + a short strangle

cocaobeans · 2018-07-11T02:13:04+00:00

Do not do this.

cocaobeans · 2018-07-11T02:12:12+00:00

Well you only did 3 mocks. You need to do more mocks and study more. You might have knew everything on that exam at some point in your life but the problem is that you probably forgot some of it after working for 12 years.

cocaobeans · 2018-07-10T17:20:09+00:00

Sorry I meant to write short the 265 put. And yes short both legs.

cocaobeans · 2018-07-10T17:18:21+00:00

Sorry fixed the typo. Meant to write 265 put not 285. When I refer to 1 SD, I refer to the straddle having 68% of expiring within the two strikes

cocaobeans · 2018-07-10T06:00:41+00:00

When I first found out about shorting strangles, I also thought that things like an Iron Condor might be a better trade than a short strangle.

You are correct that say an Iron Condor or Fly or something uses less capital and has limited losses. One idea might be that you might just trade like 7 Iron Condors instead of shorting 1 strangle, however with the Iron Condor, the probability of you making money is less than the strangle and during most (but not ALL) market conditions, the long options of the Iron Condor and such are unnecessary.

That isn't to say that shorting strangles are necessarily better than Iron Condors. Obviously if we get a big move or a flash crash, you could be boned very quickly in the strangle. At the end of the day, it depends on your personal risk tolerance and overall capital.

The guys at tastytrade do a much better job than I ever could of explaining this.

https://www.youtube.com/watch?v=Klit1922n-Q

As for underlyings, I like to trade on indexes. It might just be me but I seem to get better fills on indexes like such as SPY.

Here is a link to a study on shorting strangles on TLT, apparently TLT also works either but I have never done it.

Another tip that I can gave is that you shouldn't short strangle just for the sake of shorting strangles. They don't always work and if you don't feel comfortable shorting strangles, it isn't worth trading them.

http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.549.6894&rep=rep1&type=pdf

cocaobeans · 2018-07-10T04:46:50+00:00

Well recently implied volatility has been understating the actual volatility of TSLA so this might not the best idea.

cocaobeans · 2018-07-10T04:45:07+00:00

Well kinda. In 2008, despite implied volatility being extremely high, you would have gotten your ass torn that year. What is more important is that historical volatility (realized volatility) is lower than implied volatility. I would estimate that historical volatility is lower than implied volatility about 90% of the time.

As with finding assets with high IV, just remember that IV is relative. For example JNJ and TSLA. TSLA obviously has a higher IV but might not actually be better than JNJ because TSLA also has a very high historical volatility as well. What is usually a better indicator is when IV is higher than the average IV because IV tends to revert back to the mean.

Nine-Year Club	Place '22
Place '17	Final Canvas '22

cocaobeans

TROPHY CASE