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macrocephalopod's profile
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@macrocephalopod

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macrocephalopod

@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)

Joined December 2020

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    1. macrocephalopod‏ @macrocephalopod 5 Nov 2021

      macrocephalopod Retweeted bookdepth

      This reminded me of the CME Metro Area Housing Index Futures -- all you need to hedged your housing market delta exposure! Unfortunately on most days there is zero volume, and the total open interest across all expiries is .... 11https://twitter.com/bookdepth/status/1456119738879381506 …

      macrocephalopod added,

      bookdepth @bookdepth
      RE: Zillow, if your market making business has holding times measured in months, you better be sure you're hedging out housing market delta! if your backtests assume high turnover and you can't move inventory, then guess what? The alpha you thought you had just left the building
      Show this thread
      3 replies 3 retweets 72 likes
      Show this thread
    2. macrocephalopod‏ @macrocephalopod 5 Nov 2021

      Amazingly there is a market maker for these futures. His name is John H. Dolan and he has the website https://www.homepricefutures.com/  where he posts quotes in one lot size not only for every expiry, but for every regional sub-index as well. Hero.

      4 replies 1 retweet 88 likes
      Show this thread
      macrocephalopod‏ @macrocephalopod 5 Nov 2021

      "I've been the market maker for the S&P CME Case Shiller contracts for ~10 years, have been involved in most trades, often have more than half the OI, and am typically providing >75% of quotes." Got to respect the dedication.

      2:46 AM - 5 Nov 2021
      • 57 Likes
      • Dividend Monkey Collateralized Meme Obligations Spencer Doar refrigerant 134-a drinker ⑆Luke Stein🇺🇦⑈ 𝗖𝗼𝗻𝘃𝗲𝘅𝗶𝘁𝘆 𝗖𝗼𝘄𝗯𝗼𝘆 Dylan Rueter
      9 replies 0 retweets 57 likes
        1. macrocephalopod‏ @macrocephalopod 5 Nov 2021

          Omg he has a twitter account! @HomePriceHedges

          3 replies 0 retweets 36 likes
          Show this thread
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        1. Costa‏ @costa11235 5 Nov 2021
          Replying to @macrocephalopod

          pic.twitter.com/cHXfC6OGNH

          0 replies 0 retweets 4 likes
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        1. luc‏ @CpntBrryCrnch 5 Nov 2021
          Replying to @macrocephalopod

          Dude named John, entire book. holy shit

          0 replies 0 retweets 2 likes
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        1. Angola Maldives‏ @Angola_Maldives 5 Nov 2021
          Replying to @macrocephalopod

          Wait what? I literally bought a bunch of AMZN and MSFT stock like 6 years ago as a Seattle area home price hedge. There was a more direct way no one knew about? No REIT I looked at was local enough to be worthwhile.

          0 replies 0 retweets 1 like
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        1. Robot James  🤖 🏖‏ @therobotjames 5 Nov 2021
          Replying to @macrocephalopod

          This is amazing! What a hero ❤️

          0 replies 0 retweets 2 likes
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        1. RabbiJacob‏ @RabbiJacob16 5 Nov 2021
          Replying to @macrocephalopod

          Why is this dude not on podcasts? He is the real thing 😂👍

          0 replies 0 retweets 2 likes
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        1. RabbiJacob‏ @RabbiJacob16 5 Nov 2021
          Replying to @macrocephalopod

          @HomePriceHedges , you rock!

          0 replies 0 retweets 1 like
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        1. Joel Rubano‏ @TCK_JRubano 5 Nov 2021
          Replying to @macrocephalopod

          “Typically providing >75% of the quotes” Now THAT is market making.

          0 replies 0 retweets 4 likes
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        1. Saang Lee (이상선)‏ @saanglee 5 Nov 2021
          Replying to @macrocephalopod

          Those bid-ask spread though...pic.twitter.com/sbjxiJQK7K

          0 replies 0 retweets 0 likes
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