KeyPaganRush @KeyPaganRush Twitter profile | Pikagi

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KeyPaganRush

@KeyPaganRush

4,151

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832

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1,011

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9,547

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Finance-Noob, Retail carrywhore, Biotech stonk punter

Joined November 2019

Don't wanna be here? Send us removal request.

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@KeyPaganRush

KeyPaganRush

4 years

A video that explains how market makers delta hedging Vanna/Charm exposures can affect price movements; made in collaboration with @jam_croissant Hopefully the financially semi-literate (Like myself) will find this useful~

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Vanna and Charm Exposure

An introduction to how market makers delta hedge their vanna and gamma exposures and the effect it has on price movements.Twitter: @KeyPaganRushIn collaborat...

www.youtube.com

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@KeyPaganRush

KeyPaganRush

2 years

Intuitive understanding to options You might have heard that options represent the full distribution of the market and are thus the real underlying. Sure you can argue, in the English sense of the word, that they are not underlying, but that viewpoint is useless for making money,

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@KeyPaganRush

KeyPaganRush

3 years

@armin_unicorn @memecrashes Young's Double Slit experiment. The results of the experiment change depending on whether you are observing it occur or not. Search it up, there will be many short easy-to-follow explanations online

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@KeyPaganRush

KeyPaganRush

4 years

New video on the delta hedging of the delta skew, made in collaboration with @jam_croissant Trying to share what I've learnt after trying to get my head around this 😅 The second scenario seems pertinent to now.

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A video that goes into how the index skew and delta hedging of it leads to monthly behaviour in the SP500.This video assumes you are already aware of how mar...

www.youtube.com

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@KeyPaganRush

KeyPaganRush

3 years

@headfallsoff Is this a joke about Yukio Mishima?

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@KeyPaganRush

KeyPaganRush

10 months

@netcapgirl It forces one to be able to engage in abstraction; which is a skill worth developing and can hopefully transfer to topics outside of calculus

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@KeyPaganRush

KeyPaganRush

4 years

and for anyone who is completely new to the delta hedging activity of market makers, this is another video I've done that explains delta hedging of Gamma exposure.

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@KeyPaganRush

KeyPaganRush

4 years

An introduction to gamma and vanna exposures and how MMs delta hedge them. Based on the paper by @SqueezeMetrics , who kindly gave permission and a review over the first draft. Hopefully this will be useful for the financial semi-literate (Like myself)

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Gamma and Vanna exposures

After dealing with Copyright issues and too low volume for the audio on my voice, I have remade this video:Please watch the updated version of this video her...

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@KeyPaganRush

KeyPaganRush

3 years

Come buy my 300 strike calls then; otherwise go back to cleaning your room, LARPer.

@jordanbpeterson

Dr Jordan B Peterson

@jordanbpeterson

3 years

I firmly expect oil to hit $300 a barrel before this is over. And that might be optimistic. The writing is on the wall.

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@KeyPaganRush

KeyPaganRush

2 years

I'm beginning to realise how boring and repetitive finance "alpha" is More often than not, its just price-insensitive transactions or regulations allowing certain exposures to be dynamically replicated cheaper/more expensive and just going long the cheaper one and shorting the

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@KeyPaganRush

KeyPaganRush

3 years

@jesse_stein @headfallsoff Locked himself in the office of a military base with some friends, gave a poorly-received speech to the soldiers to induce them to coup, committed seppuku and then it took 4 attempts from his friends to decapitate him.

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@KeyPaganRush

KeyPaganRush

4 years

@DiMartinoBooth @vol_christopher @RealVision What I find scary about the riots at the moment, is that they are already this bad without the US pension system having collapsed... Full interview:

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@KeyPaganRush

KeyPaganRush

3 years

She was a little reluctant at first, but then I said that the ring comes with an NFT and that tipped her over to yes.

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@KeyPaganRush

KeyPaganRush

2 years

So during a pirates of finance episode, there was a quick discussion on the importance of looking at Fixed Strike Vol vs just blindly following VIX Lets start off with the VIX; for reasons we won't go into, the VIX is influenced more by the Implied volatility of OTM calls/puts

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@KeyPaganRush

KeyPaganRush

2 years

All the legal work done, now official. I'm off market, limit up. My wife now possesses an NFT representing my personhood. and yes, I know my ring is too big, my metacarpal phalangeal is too thick 😅

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@KeyPaganRush

KeyPaganRush

3 years

A video explaining the hedging of knock in puts, made in collaboration with @jam_croissant and @tylerrothamel Living in Korea, having seen 1st-hand friends invest in autocalls, having been pitched them by my bank and watching FinTwit always poke fun all

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Hedging of Knock in Puts

A video that goes into how hedging of knock in puts from structured products can affect price movements of the underlying.This video assumes you are already ...

www.youtube.com

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@KeyPaganRush

KeyPaganRush

3 years

Ffs, I dont know who needs to hear this but: HERD IMMUNITY DOES NOT make you magically immune to all variants of a disease. A population becoming immune to OMICRON does not guarantee that they will be resistant to ALL future variants. When a large population becomes infected with

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@KeyPaganRush

KeyPaganRush

2 years

math nerds who discover that if they add up or strip out a bunch of exposures in certain combinations over time, they can replicate shit that is currently undergoing a dislocation Someone bring the romance back to me and tell me that not all finance "alpha" has to be like this😭

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@KeyPaganRush

KeyPaganRush

3 years

@Shayne_F_Murphy @SoccerMomTrades @jam_croissant The house at a casino doesn't "imply" that it's predicting what the outcome of a roulette wheel is; they only predict that the odds are in their favour over time if they adjust their payout according to the probabilities. Cem is helping identify how those probabilities change

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@KeyPaganRush

KeyPaganRush

3 years

@myeongwen @armin_unicorn @memecrashes The results of the experiment are the patterns generated on the screen behind the slits. The patterns generated on the screens change depending on whether you try to observe the path of the electrons or not.

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@KeyPaganRush

KeyPaganRush

3 years

@jam_croissant @coloradotravis "Why did they make a sculpture of a croissant sitting on a pile of cash" - "Sweetheart, Im pretty sure thats a crescent moon and stars, visible over the mountains" "Shhh mortal, why do you hate generating alpha?"

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@KeyPaganRush

KeyPaganRush

2 years

@lpachter Ah yes, and while we're at it we should not review papers that use PCR machines to cycle between different temperatures. These machine displays are essentially GUIs, much better to program it all protocols in C, where work can be transparent.

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@KeyPaganRush

KeyPaganRush

2 years

Nice to see @jam_croissant again re-stating that options represent the full distribution of markets in this video. Anybody not sure as to why or how, take a read of this thread a while back 👇

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Stocks Lower, Vol Lower, What Gives?! Navigating OPEX and Beyond with...

Subscribe to our Second Channel: @tastylivetrendingCheck out more options and trading videos at www.tastylive.com!======== tastylive.com ======== tastylive i...

www.youtube.com

@KeyPaganRush

KeyPaganRush

2 years

Intuitive understanding to options You might have heard that options represent the full distribution of the market and are thus the real underlying. Sure you can argue, in the English sense of the word, that they are not underlying, but that viewpoint is useless for making money,

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@KeyPaganRush

KeyPaganRush

2 years

@thebadstats This cringe attempt to say something that sounds immensely profound on the surface by deliberately butchering language would make even a post-modernists blush...

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@KeyPaganRush

KeyPaganRush

3 years

Nice to hear 2/3 of my favourite sources to triangulate between: @42macroDDale and @jam_croissant ; the former whom I subscribe to and the latter I would subscribe to he if had a sub 😅 First 10 people to dm email address can watch this for free

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@KeyPaganRush

KeyPaganRush

4 years

@JaDaveus_Spliff @profplum99 @StephenWindahl 1) Alright, then buckle up. What these morons don't understand about praxeology is that it fails to meet the criteria of science as defined by Popper's falsification principle. Anything that is not falsifiable is not science at best and complete superstition at worst.

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@KeyPaganRush

KeyPaganRush

2 years

@sidprabhu In Japan, house prices actually tend to go downwards. The mindset there is indeed "Why would I pay more to buy a 2nd hand house?" 😂

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@KeyPaganRush

KeyPaganRush

3 years

@hyperconvexity @Deanogillam @jam_croissant Shameless self-plug here: If you are completely new, I suggest you watch the videos on my channel in the order that they came out. These videos were designed for idiots, because I too, am an idiot 😅

@KeyPaganRush

KeyPaganRush

4 years

A video that explains how market makers delta hedging Vanna/Charm exposures can affect price movements; made in collaboration with @jam_croissant Hopefully the financially semi-literate (Like myself) will find this useful~

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@KeyPaganRush

KeyPaganRush

2 years

expensive one Pros just do it on leverage and don’t blow up during replication This is a far cry from what I originally imagined finance to be, Chads pushing buttons based on macro "feels"; I still haven't recovered from my disenchantment in realising that its just a bunch of

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@KeyPaganRush

KeyPaganRush

3 years

1) I'm starting to become convinced that the word "bubble" is just used by FinTwit to describe something that is expensive, that they themselves would not pay the same price for. This to me seems like an obvious fallacy. Just because something is expensive, doesn't mean that it

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@KeyPaganRush

KeyPaganRush

4 years

@NorthmanTrader - Coronavirus pandemic ends - Millions of lower/middle class US citizens in financial ruin. - FED owns majority of US financial assets. - Trumps Tweets "Dow Jones at new ATH. STRONGEST ECONOMY EVER!!!" This sounds like parody, for now...

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@KeyPaganRush

KeyPaganRush

3 years

@ahelixir4t @jam_croissant @SoccerMomTrades Calendar calls are high r/r. You sell short term options and buy the same strike at a later expiration. The long option prevents you from blowing up; the idea is to profit from the difference in theta and/or vega between the two options

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@KeyPaganRush

KeyPaganRush

4 years

@jam_croissant @alexwlezien @notsosmartquant @EndTesla @Betabetabeta9 @TaeMatthew In Muggle-tongue: Buying to hedge -tive gamma is eventually overwhelmed by selling required to hedge Vanna as IV starts to increase too much (Peak euphoria as people will pay anything to buy a call). -tive gamma amplifies the downward move that follows. Vanna make Gary do a 180?

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@KeyPaganRush

KeyPaganRush

3 years

My fiancee doesn't know anything about wine. She wanted to make this $7 wine sweeter by adding coffee syrup. Love her regardless 😍

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@KeyPaganRush

KeyPaganRush

3 years

If you "know" banks manipulate gold prices by selling futures, why not just short gold and then cover instead of complain everytime they dump? If you "know" BTC is gonna get pumped by Tether, why not just buy BTC and then sell everytime it rips? If you "know" the FED is pumping

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@KeyPaganRush

KeyPaganRush

4 years

@mambatraderr @pkfanzine @Ivan_Vesely_ @jam_croissant Follow @jam_croissant , read his analysis threads to gauge tactics based on where prices/ivol are likely to go, then implement them around the daily resistances/supports he tweets. After making tonnes of money, show gratitude by donating some back to the causes he supports 🙏

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@KeyPaganRush

KeyPaganRush

4 years

@mikefeigin @zenbrainest My god... I just spent 5 minutes thinking "What the hell rhymes with 7 transmembrane domain receptor", before reading GPCR in the comments 😅

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@KeyPaganRush

KeyPaganRush

3 years

@IsaacWendt @Ksidiii Stocks that just go up smoothly rather than choppily, will have cheaper calls when using conventional option pricing because they dont factor in trend/drift/momentum of a stonk and smooth trending price charts have low vol,

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@KeyPaganRush

KeyPaganRush

11 months

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@KeyPaganRush

KeyPaganRush

3 years

Do not give throw the Avirulence hypothesis at me (Ie, Viruses become less deadly over time), this is a BS idea that has been empirically disproven; once a virus replicates, it doesnt care if you live or die, this thread sums up the evidence very well.

@adriancjr

Adrian Constantin #⃣🎵

3 years

This 🧵is a layman's understanding regarding virus pathogenicity and evolution: science only says that viruses which kill all their hosts will disappear. That's all. From this, it doesn't follow that viruses have an "inner desire" not to kill their hosts or to become milder.

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@KeyPaganRush

KeyPaganRush

4 years

@JaDaveus_Spliff @profplum99 @StephenWindahl 8) basis as neuroscientists, using testable falsifiable hypotheses and predictions rather than just assert that we know the answers without actually having to go out into the world and check and waves off any falsification as not being possible because he just fucking decreed it

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@KeyPaganRush

KeyPaganRush

1 year

Today I finally say goodbye to the country that gave me a wife, an education, a career, the ability to speak a new language and a guilty pleasure of listening to KPop 3 weeks at home before I go off on my new adventure to Seppoland.

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@KeyPaganRush

KeyPaganRush

2 years

@lpachter to show what calculations it happens to be performing wrong or not. By that logic we shouldn't be accepting analysis done with Matlab either or accept confocal images taken with Nikon or Zeiss software because, these are just GUIs with no transparency.

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@KeyPaganRush

KeyPaganRush

3 years

the same virus, you are just giving the virus more opptys to mutate again and potentially create another immunoevasive variant. This is particularly relevant for SARS-CoV2 which is particularly prone to mutating due to shitty RNA pol proofreading.

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@KeyPaganRush

KeyPaganRush

3 years

@ahelixir4t @jam_croissant @SoccerMomTrades We do this because we expect market to trade flat/sideways, and IV to decrease in the short term. You are profiting from a quiet market, but without taking the risk of blowing up by just going naked short vol.

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@KeyPaganRush

KeyPaganRush

2 years

@crypt0e @Hassan59433914 @TheFigen I literally live here, my house is like a 5 minute drive away from the start of the highway 😅

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@KeyPaganRush

KeyPaganRush

1 year

So a personal anecdote regarding employment in the US I received my job offer 7 months ago and I have already received 2 increases in salary The kicker? I haven't even started working yet...

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@KeyPaganRush

KeyPaganRush

2 years

Notice however, that your delta gets bigger as the price of the stonk gets closer to your strike. It then begins to scale down as you get past your strike and start moving more and more towards OTM. This means your delta is changing as a function of price. This is gamma.

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@KeyPaganRush

KeyPaganRush

4 years

@goodalexander If you own one share of GameStop you are a millionaire. Few understand this

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@KeyPaganRush

KeyPaganRush

4 years

I'm beginning to think long GME is the only hedge against SPY going down...

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@KeyPaganRush

KeyPaganRush

2 years

@crypt0e @Hassan59433914 @TheFigen People tend to cycle on this lane for exercise/leisure, not for commuting to work

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@KeyPaganRush

KeyPaganRush

2 years

When you introduce the process of delta-hedging, (reviewed in my video here: ) you are essentially trying to prevent your PnL from being influence by the shifting of the entire distribution, Ie changes in price of underlying

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@KeyPaganRush

KeyPaganRush

4 years

@JaDaveus_Spliff @profplum99 @StephenWindahl 3) mathematics is not truth grounded in reality, it is symbol manipulation that can only derive results given a set of assumptions that may or may not hold in reality. Subsequently, changing your axioms leads to different results, which is why we can have different forms of

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@KeyPaganRush

KeyPaganRush

2 years

Disclaimer: If an institutional/professional vol person says that something I say here is inaccurate; assume that they are correct and I am wrong. Some mathematical concepts here are explained roughly to make intuition easier. When in doubt, go look at the mathematics

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@KeyPaganRush

KeyPaganRush

3 years

@Nd172557208 Its a positive carry trade. Spew out a bunch of weird vol-sounding terms and 99% of people think you're god, act smug and shoot down the naysayers by making up more terms. But then you eventually get too popular; voltwit discovers and exposes your BS.

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@KeyPaganRush

KeyPaganRush

4 years

@JaDaveus_Spliff @profplum99 @StephenWindahl 7) Show me ANY axiom of human behaviour that ACTUALLY holds true in the real world or can be used to derive universal statements on human behaviour. ALL behaviour is stochastic and is never deterministic, this is something that myself and my colleagues study on a fucking regular

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@KeyPaganRush

KeyPaganRush

3 years

@ahelixir4t @jam_croissant @SoccerMomTrades The short term option you sold has faster theta decay than the longer term option you bought, meaning that you collect more premium on the short term option than losing premium on the long term. Likewise, as IV decreases, the sold option ideally is more sensitive to this volcrush

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@KeyPaganRush

KeyPaganRush

2 years

Anyway, hope that this was helpful to you. However please do not follow me unless you're happy with 70% shitposts and 30% shit macro-takes, instead watch some of my other videos.

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@KeyPaganRush

KeyPaganRush

1 year

Bumped into a picture that I think is a nice way to view markets Price is just reducing higher dimensional fundamental data into a single value (Shadow). However, the angle that a market views the object can change the shadow, independent of the underlying fundamentals

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@KeyPaganRush

KeyPaganRush

1 year

I reckon if people were more upfront about the trading being more akin to a casino, rather than a game of prediction, they could prevent themselves from doing a lot of stupid shit At casinos, the house wins over time not because they are predicting any shit, but because they

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@KeyPaganRush

KeyPaganRush

3 years

@ahelixir4t @jam_croissant @SoccerMomTrades whereas the long option experiences volcrush to a lesser degree. As the short term option expires, you sell the long term option. Profit from selling short term option outweights loss on long term option.

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@KeyPaganRush

KeyPaganRush

3 years

@profplum99

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@KeyPaganRush

KeyPaganRush

4 years

@fed_speak Using TA to try predict future price behaviour = Yes, BS. Using TA to discipline a trader into only taking trades with clearly defined risk : reward in a systematic way that can be backtested to a certain degree = No, Not BS.

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@KeyPaganRush

KeyPaganRush

4 years

@jam_croissant @_FinChris @Athena_Alithis @indievesting Linked here:

@KeyPaganRush

KeyPaganRush

4 years

A video that explains how market makers delta hedging Vanna/Charm exposures can affect price movements; made in collaboration with @jam_croissant Hopefully the financially semi-literate (Like myself) will find this useful~

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@KeyPaganRush

KeyPaganRush

2 years

Stonks only represent the first moment, a single point of the distribution but nothing about its shape or how it changes over time. Options will tell you also about the entire shape of the distribution, which is I submit that they are in a sense the true underlying distribution

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@KeyPaganRush

KeyPaganRush

4 years

This video assumes you are already aware of how gamma, vanna and charm are delta hedged. If you are a completely new, videos explaining those are linked in the video description and below here:

@KeyPaganRush

KeyPaganRush

4 years

A video that explains how market makers delta hedging Vanna/Charm exposures can affect price movements; made in collaboration with @jam_croissant Hopefully the financially semi-literate (Like myself) will find this useful~

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@KeyPaganRush

KeyPaganRush

4 years

@choffstein Where can I watch this video of which, likely only 15% will be comprehendible to me?

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@KeyPaganRush

KeyPaganRush

3 years

@nope_its_lily 4 / 3 people will understand this

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@KeyPaganRush

KeyPaganRush

4 years

@JaDaveus_Spliff @profplum99 @StephenWindahl 4) geometry (Euclidian, Riemannian, Boylai-Lobachevskian) each with very different results. However, the question as to what type of geometry does our universe actually follow? Is not something math can answer. Math can only tell you, if the universe follows a certain type of

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@KeyPaganRush

KeyPaganRush

3 years

@SantiagoAuFund @jam_croissant Theres a reason we have sculptures of croissants on top of piles of cash in Korea

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@KeyPaganRush

KeyPaganRush

1 year

Saw a sudden influx of new followers; So I think its worth repeating and highlighting; this was a recent biotech stonk punt of mine, that went horribly, horribly wrong Obviously I think Im pretty good when it comes to the science, but profiting from it is a completely different

@KeyPaganRush

KeyPaganRush

1 year

A biotech play $GRTX that I wrote about and had a position on gapped -80% today 😭; reminding again why biotech stonk punting is hard My only hope is that everyone who read what I wrote, inversed me

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@KeyPaganRush

KeyPaganRush

1 year

@TP_Grant Yeah, I always found those comments rather silly. Humans have been grappling for millenia, I dont think grabbing onto someone elses legs with your arms is something that has any one origin. As Ryan Hall put it: Humans have had 2 arms and 2 legs for as long as Im aware

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@KeyPaganRush

KeyPaganRush

1 year

@coloradotravis "Sure, just write up a well written article, with full references to all the work you are gattling-gun citing so that I and everybody else can go read those same papers and verify the results in those papers myself" "You're a coward"

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@KeyPaganRush

KeyPaganRush

3 years

3) The proper definition of a bubble, in my opinion, is something that has full participation. Something is not a bubble because its expensive, it becomes a bubble when there is too much participation and then there is nobody else to sell to. This effectively creates a liquidity

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@KeyPaganRush

KeyPaganRush

3 years

So when I read this I think: Glucose, a sugar, is required for the functioning of all cells in our body; although too much sugar is also bad. Incidentally, your brain consumes/needs the most amount of glucose...

@Breedlove22

Robert ₿reedlove

3 years

Sugar is as healthy for the body as fiat currency is for the economy.

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@KeyPaganRush

KeyPaganRush

3 years

Hopefully nobody here really needs to hear this; but I decided I'd explain why trying to use Ivermectin to treat COVID is a stupid idea, aside from the fact that you're eating horse paste. Ivermectin is a drug, used as an antiparasitic, that targets molecules known as

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@KeyPaganRush

KeyPaganRush

3 years

This is why I love carbon credits. Don't have to care about inflation, deflation, lockdown, coronavirus variants; this thing just goes up.

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@KeyPaganRush

KeyPaganRush

10 months

@JiujitsuOtter Adam Saitiev would handle anybody lmao; his brother too in fact

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@KeyPaganRush

KeyPaganRush

3 years

@miltonj99519114 @elite_investor Principles shrugged

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@KeyPaganRush

KeyPaganRush

4 years

@fleckcap @michaeljburry Algebra was pioneered by Mesopotamians and Arabs, geometry by the Egyptians and Greeks and the concept of "zero" was first founded by Indians. This paper is quite revealing of the author's own attitudes, in the way they think mathematics is an exclusively "white" person thing....

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@KeyPaganRush

KeyPaganRush

1 year

We're still sooo early lmao @Citrini7

@hekyoda

Hek

1 year

I’m no medical expert but there r too many ppl taking ozempic to lose weight and this shit never goes down without any unintended consequences.

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@KeyPaganRush

KeyPaganRush

3 years

the stock market, why not just BTD and sell at ATH. But no, some people would rather just complain instead of make the 3 easiest possible trades. Wheres the Chad Virgin meme

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@KeyPaganRush

KeyPaganRush

3 years

@headfallsoff I feel like there's an inside joke I'm missing 😅

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@KeyPaganRush

KeyPaganRush

2 years

market sell-offs. So hopefully this explanation helps for this particular episode, since @choffstein wasn't able to draw up these diagrams on the fly. @JackFarley96 @JasonMutiny @FinancePirates

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@KeyPaganRush

KeyPaganRush

2 years

@lpachter Absolutely, stating that one used a commercial software for analysis, is the equivalent of not stating at all that one performed a biology experiment People need to stop calculating their dilutions with and calculate it all by hand, as Avogadro intended

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@KeyPaganRush

KeyPaganRush

3 years

The FED kinda reminds me of a leveraged trader who says their long with 💎✋s and are sure that these short term losses is just a transitory thing that they can handle; but then end up puking and going short , just as the bottom is put in.

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@KeyPaganRush

KeyPaganRush

3 years

@bolts6629 @Claire_Lee

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@KeyPaganRush

KeyPaganRush

11 months

There is a type of investor who refuses to let adverse price movements factor into their decision making, citing how they only change their mind based on fundamental/real world data that would confirm or disconfirm them The problem with this is that during adverse price movements

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@KeyPaganRush

KeyPaganRush

3 years

@jam_croissant My horrendous PnL has missed you

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@KeyPaganRush

KeyPaganRush

3 years

So Im out in the countryside, without access to a computer or any trading apps on my phone; Trying to imagine how bad the markets are through my Twitter feed alone 😅 Happy 추석 (Lunar Festival) everyone!

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@KeyPaganRush

KeyPaganRush

1 year

are leaning into favourable risk-reward bets given the probabilities available My stonk doesn't actually need higher earnings for me to profit from a long, I just need to buy it when the market assigns a probability lower than justified

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@KeyPaganRush

KeyPaganRush

2 years

whereas the fixed strike vol curve actually tells you the changes in people buying/selling options at various strikes. Part of why you might hear people saying that this market is selling off in a orderly manner, is precisely because fixed strike vol doesnt explode higher during

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@KeyPaganRush

KeyPaganRush

3 years

By far, I'm not an inflationista that's expecting Weimar or even sustained inflation for this part of the cycle; in fact I'm waiting to pile into long duration. However, one thing that is beginning to concern me is the increased wage bidding for workers in the US...

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@KeyPaganRush

KeyPaganRush

4 years

@coloradotravis Me: Im a macro investor that can go for years with a position going against me because I have confidence in my thesis Also me: I need to check up on the price every hour.

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@KeyPaganRush

KeyPaganRush

2 years

@bennpeifert Hey Benn, I believe that govt shouldn't overreach into our private lives; so could you modify your life decisions and behaviour according to my preferences, otherwise it makes me mad, and plz keep teaching me derivs stuff too, kthxbi

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@KeyPaganRush

KeyPaganRush

4 years

@coloradotravis Yeah, making 50x return on short term calls on bankrupt stocks while banging 3 new women a week is great, but have you ever been margin called 4 times on your short SP500, while being right all along that the economy was going to hell? 😎

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@KeyPaganRush

KeyPaganRush

2 years

It still amuses me the amount of people that think China is such a great place to invest in because of their prospective growth and credit injections. Lmao; will it translate into better equity prices? Was Evergrande a one off or was it the opening of a grand deleveraging

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@KeyPaganRush

KeyPaganRush

2 years

This extends even across time as the options market assigns a distribution to each time in the future, and is something that is captured by what is called a "volatility surface", where the interplay between time, IV and price of underlying are all interrelated.

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@KeyPaganRush

KeyPaganRush

1 year

Touched some flowers this morning

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@KeyPaganRush

KeyPaganRush

3 years

I feel like it's worth repeating: Market prices represent a truth. Some market participants misunderstand what truth a price represents and then accuse the market of being irrational/dysfunctional.

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