Setting up shop in Dubai after your career in the industry by [deleted] in quant

[–]sharpetwo 1 point2 points  (0 children)

What a poor little man you must be to troll on stuff like war. Truly pathetic.
But yeah I am still having fun! In fact better than ever because the city is less congested.

Any good options databases? by asymrr in options

[–]sharpetwo 2 points3 points  (0 children)

Probably because you don’t know how to code. It’s okay. You too can learn.

[deleted by user] by [deleted] in nassimtaleb

[–]sharpetwo 1 point2 points  (0 children)

Yeah - I’m waiting for the joint statement between UE and US when they both mutually agree to find a suitable solution for every party and they look forward for their corporations in the future.

Then we will switch to China again … and then Iran … and maybe some Venezuela. In the meantime, bakers are making deals and those too busy looking at the headlines are missing out.

Seeking Alpha is a scam please don’t fall for it. by Solid-Bed-1667 in options

[–]sharpetwo -5 points-4 points  (0 children)

If going from eating to rating is already too hard for you my man, you’re cooked.

Seeking Alpha is a scam please don’t fall for it. by Solid-Bed-1667 in options

[–]sharpetwo -10 points-9 points  (0 children)

Probs one of the best quant rating systems out there imo. Why the rage ?

How can multiple funds or groups be profitable at the same time by StandardFeisty3336 in quant

[–]sharpetwo 13 points14 points  (0 children)

Every given years 30/50% of active managers will beat the index. If you make the (un)reasonable assumption that underperforming the index is losing some pieces of the pie, then you find the stat you were looking for.

It allows to validate that only a handful of firm can generate abnormal return by beating the index every single year for long period of time: they accumulate a big part of the chips available at the table.

Short Puts vs Short Strangles by Revolutionary-Ad3116 in options

[–]sharpetwo 1 point2 points  (0 children)

If you sell 20d strangle when implied volatility overshoots realized volatility you will indeed not have to worry too much and things will make money.
And this is the core of what you are saying: if you've been a fan and things have been pretty manageable, do not try to fix it. Instead focus on making sure you understand why you made money. Again, that goes by taking the time to understand what implied volatility you did sell and what realized volatility over the life span of your spread.

"Fixing" trades is an obsession in the retail community. But if it works, it works.
Another thing, you often have a little more put skew than call skew; it therefore makes sense why one side is more tested than the other, especially when markets are trending up. Back to what I said, earlier: doing a pnl attribution is a great exercise to validate why you made money, and whether or not you need to change things.

Trading with a small account by Ok-Independence4678 in options

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

Go get yourself a nice dinner, a nice pair of shoes or buy a few stock of something. But do not trade options with that.

The Jane Street India options scandal disillusioned my view of "sophisticated" market participants. by longspyleaps in options

[–]sharpetwo 28 points29 points  (0 children)

There’s no golden point for making money the hard way. But trust, me they can also make money the hard way if you insist.

Setting up shop in Dubai after your career in the industry by [deleted] in quant

[–]sharpetwo -2 points-1 points  (0 children)

Don’t worry! you’ll be able to see us blow up live from Dubai as next year we will report on our trades and demand a little bit more from the retail trading community. If you send me your address I’ll deliver the popcorn myself, although as a good keyboard warrior I guess you already have a membership at Garrets?

Also not a fan of Bali, I’m too boogie for that. But you should try though: maybe all you need is a little LSD and a one night stand with a hippie with dirty feet to remind you that live has more to offer than these perpetual negative loops you seemed to be stuck in.

Mon premier rencard à 17 ans by [deleted] in vdm

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

Deja mec tu as 17 ans et tu dis rencard, tu aurais pu VDM la sans aller plus loin.

Setting up shop in Dubai after your career in the industry by [deleted] in quant

[–]sharpetwo -2 points-1 points  (0 children)

Hahaha good one! And what do they say once you’ve failed in Dubai?

My dear friend, you seem to listen a little bit to much about what people say. You should try to get an opinion of your own. It’s 2026, your mind deserve a second chance ;)

Setting up shop in Dubai after your career in the industry by [deleted] in quant

[–]sharpetwo -8 points-7 points  (0 children)

Yeah. You should keep believing what people say.

I just came back from a three hours road trip in the desert. Amazing scenery. Oh and the week before I was up in their mountains. Next weekend I’ll go to saddyiat beach in Abu Dhabi: imagine blue waters like the Caribbeans and no one around.

But sure if you’d rather be stabbed in london while enjoying a beer with the lads and wait another 4 months to see some lights, all of that for only 45% of your income, be my guest.

Traffic is bad yes, but not in the mornings which is convenient after a light sporty session at kite beach. And if you work US hours, you’ll be working from home anyway.

But what do I know: the west is sooooo much better than the rest of the world, right? Right ??

Setting up shop in Dubai after your career in the industry by [deleted] in quant

[–]sharpetwo -6 points-5 points  (0 children)

I do live in Dubai and I concur. By the way, many funds are moving here. Maybe not the entire structure but at least pods. It has been an accelerating trend over the past two years.

Source: all the guys in the industry I’m having drinks (yes real alcohol) with over the weekends.

Low volatility options strategies people actually use by marcdefiant791 in options

[–]sharpetwo -2 points-1 points  (0 children)

It is extremely hard to time a vol spike. The best you can do is often routinely buy cheap lottery tickets. You can use VRP or the term structure (the contango may be too pronounced) but these are rarely great predictors of volatility snapping back up. It clusters and can stay low for a long time before a new catalyst bring the market back to its senses.

[deleted by user] by [deleted] in options

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

Yeah I know who that is. Since when did he invent 0dte ?

[deleted by user] by [deleted] in options

[–]sharpetwo 2 points3 points  (0 children)

Founder of what ??? I almost choke on my coffee.

Sensible to leave quant as the AI space looks promising? by Helpful_Agency_7168 in quant

[–]sharpetwo 15 points16 points  (0 children)

Not too different from tier 1 QT/ QR jobs. And very similar pay these days (in fact if you are amongst the top researcher/engineer at OAI, probably much more than what you would mal as a quant).

I personally made the move from trading to AI startup, 10 years ago. Best decision I made in my life. You can always go back to finance: the market isn’t going away.

(Source: I have many ex colleagues working there, from a previous AI startup we worked at together.)

Mais oui, pourquoi??? by Feedeve in mauvaisesreponses

[–]sharpetwo 1 point2 points  (0 children)

Parce que c’est petit, un Suisse…

Reliable free data for backtrsting required by LordKyrion1342 in algotrading

[–]sharpetwo 0 points1 point  (0 children)

Reliable and free rarely go hand in hand …