SP500Floortradersaretalkingaboutahugesellorderfrominstitions2daysagoatmarkettop,andtheorderisstillbeingfilledtoday.
ThewavelikedowntrendisprobablyduetoMMcontinuepartiallyfillingthathugesellorderandhedge.[阅读全文]
一得阁
一得阁
博文
(2007-01-26 09:01:44)
(2006-12-29 13:15:17)
Lastminutedropinmajorindicesinlastdayoftheyearmakelifeeasierformutualfundsto"beatthemarket",aself-cheatingpracticecommonamongthesefundmanagers.[阅读全文]
(2006-12-19 10:18:10)
20billiongoneinoneday,wipingoutThaistockmarketallyeargain,andsome.Thiswon'tbethelaststupidoneintheworld.ActuallyThaiwasconsideredasthesmarteroneamongallthesemi-thirdworldcapitalistbrethens.
Whatabout,say,SouthKorea,doessomethinghalfasstupid?Theworldequityvaluecanbeeasilysetbackayear.[阅读全文]
Whatabout,say,SouthKorea,doessomethinghalfasstupid?Theworldequityvaluecanbeeasilysetbackayear.[阅读全文]
(2006-12-19 05:43:42)
HugePPIjumpconfirmthetheorythatChinaisthemainsourceoflowinflationinUSinlast10years--China'sexportisresponsibileforthelowconsumerpricesinUS--lowCPI,whilePPIislessrelatedtoChina,andyouseesuchterriblejump.
Anotheremperor'snewclothes...TheFedandBernankearereallynothingtodowiththelowinflationinUS,it'sChinathatmatters.Butfewanalystsorpoliticiansherearewillingtosaythat--whichcanleadtogrossmisjudgment...[阅读全文]
Anotheremperor'snewclothes...TheFedandBernankearereallynothingtodowiththelowinflationinUS,it'sChinathatmatters.Butfewanalystsorpoliticiansherearewillingtosaythat--whichcanleadtogrossmisjudgment...[阅读全文]
(2006-12-06 22:26:08)
TalkaboutahugeOVTIputtradetodaymentionedbysomeoneearlier.
AnInterestingTradeinOVTIPut[阅读全文]
AnInterestingTradeinOVTIPut[阅读全文]
(2006-11-13 20:27:15)
Thisyear'stop500list--theWorld'stop500fastcomputers--isfinallydominatedbytheUS--Jap'sNECEarth-Simulator,whichwere#1inthelistforthepast5years,hasslippedoutoftop10.
ThetopChinesesystemonthelistis#57.IrecalledtwoyearsagotherewereaChinesesystemgettingintotop20?
Interestingly,#6isbuiltbyclusterofDell'sPowerEdge--off-the-shellstuffs?
RememberCray,thegranddaddyofsupercomputer?Nowclinchto#10(#...[阅读全文]
ThetopChinesesystemonthelistis#57.IrecalledtwoyearsagotherewereaChinesesystemgettingintotop20?
Interestingly,#6isbuiltbyclusterofDell'sPowerEdge--off-the-shellstuffs?
RememberCray,thegranddaddyofsupercomputer?Nowclinchto#10(#...[阅读全文]
(2006-11-01 19:48:34)
(2006-10-06 06:47:35)
与股票不同，期权带曲率，风险比较复杂。对MM来说，ATM风险最大，收益的潜力也最大。OTM与ITM对MM来说一样（因为Hedge），表面上风险小，收益的可能性大，但风险一旦给碰上，则是暴风骤雨，刮掉一层皮。历史上有不少有名的期权损失范例，都是裁在shortOTM期权上。
所以，如果MM接到一个大OTM期权的买单，一般会三思而行。
例如，如果有人大买OTMCalls，可能他知道什么M[阅读全文]
所以，如果MM接到一个大OTM期权的买单，一般会三思而行。
例如，如果有人大买OTMCalls，可能他知道什么M[阅读全文]
(2006-10-05 18:55:58)
(2006-09-20 06:09:01)
HalfmillioncontractsatQQQQfrontmonth40call.AlsoQQQQ300dayMAatslightlyabove40.So40maybeaninterestingpoint.[阅读全文]
