macrocephalopod on Twitter: "are you saying that price will not always converge to fundamentals? 🤭… "

@macrocephalopod

Paul Allen, Vice President M&A, Pierce & Pierce (Sie/Hir) | Vegan | Silence is Violence | Women’s Rights Are Human Rights | ACAB (Assigned Cephalopod At Birth)

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‏ @therobotjames

One of the "original sins" of trading is assuming that, because a non-tradeable thing is mean-reverting, a tradeable derivative of it will be too. You always trade against other people. If it's obvious to you, it's obvious to others. The market prices in everything obvious.https://twitter.com/KrisAbdelmessih/status/1367140633635409922 …

Kris @KrisAbdelmessih

Any trade that has directional edge (ie you sell something that you are certain is going down such as extremely high IV) is counterbalanced by carry. If you sell vol at 150% and that implies a $50 straddle, it won't matter if vol goes down to 25% if the stock gaps down $75.

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