Episode #74: Sergei Perfiliev- Goldman Sachs Quant on Options Influence on the market
Confessions Of A Market Maker
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The Dangers of the JP Morgan Collared Trade
The JP Morgan collared trade consists of selling a coal, which is a covered coal. And the other one is long put, which is basically buying protection. So in short, it also acts as a stabilizer for the market. But when the market falls volatility rises and gamma becomes less important. Vanna: When things are more or less relatively quiet right now, these forces can have a meaningful impact.
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