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But, the risk appears to be worth it for this trader because of the uncapped upside exposure provided by the long calls as well as the $0.46 net credit pocketed on the transaction.
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"It's not going to be back to normal for two or three days," this trader said.
For the trader this is a moment of transformation, what the French since the Middle Ages have called "the hour between dog and wolf".
Unfortunately for the traders, this also coincided with the economic downturn and an arctic period in trader-management relations.
"There is no upside for the trader.
We calculated monthly Sharpe Ratios for this cohort of traders as well as the broad market.
IOSCO said that "this creates opportunity for a trader to submit a partial picture, i.e. an incomplete set of its trades in order to influence the assessment to the trader's advantage".
What does this mean for the swing trader who buys weakness and sells strength?
I was *such* a mark for Trader Joe's this yr.
Sizes vary for each trader.
For one trader, trying to manipulate rates was somehow heroic.
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