It’s not always that you get a nice and smooth yield curve. Sometimes there are kinks. Embedded in those kinks is a wealth of information. For example, what does a kinky yield curve tell us about the interest rate expectations? Well, let’s have a look 👇 So last Friday, I decided to spend my evening […]
$500,000,000 Half a billion dollars. Currently, this is how much of an SPX index has to be bought or sold for every 1% down or up move, respectively. These flows are a result of a substantial options trade that was placed yesterday. Let’s have a look at what’s going on. Once upon a time, there […]
If you’ve been following the news this week, you’ve noticed that a Chinese real estate developer, Evergrande, has taken the main stage. The company is reported to have around 300 billion dollars in liabilities that it is struggling to pay back. Everyone is suddenly worried about Evergrande and its implications across the world. But what […]
Forget what you hear on CNBC or Bloomberg. It’s the options market that drives the $SPX price action. Options became the new underlying and $SPX – the derivative. Understanding the impact of options flows is vital if you trade the $SPX. Let’s have a look at how they work! Meet Gary. Gary is a market […]
Of course, a question like that is very subjective as it almost entirely depends on the nature of the quant role, since each language serves a different purpose. However, in my opinion, it’s C/C++. Here’s why. This article is based on the below Twitter poll: Which programming language do you think is the most important […]
After four years as a Quant in Goldman Sachs, I left earlier this year. In that time, I worked on 3 different desks across Fixed Income & Equities and completed about 20 to 30 different projects. Here are the 9 non-glamorous things you should know about working as a sell-side Quant. Of course, this is […]
In this video, we’ll take an in-depth look into how the options tail is wagging the stock market dog. Specifically, we’ll discuss how option dealers and market makers are hedging their option risk and what impact it has on the overall financial market. We’ll also explore the dynamics behind Gamma, Vanna and Charm and discuss […]
In this video, we’ll take an in-depth look into how portfolio diversification works. We’ll look into idiosyncratic and systematic risks, explore the benefits of diversification and discuss which risks are diversifiable and which aren’t. At the end, we’ll also play around with an interactive tool that shows a Monte-Carlo simulation for a number of risky […]
