Paka:min(L + 4, 12 - L) != max(0, min(L + 4, 12 - L))

it is nothing more then a long fixed leg with 8% cpn and a short cap/floor straddle struck at 4%.

Is this today?

<t>QuoteOriginally posted by: ManuLondonQuite ageing post but:You only enter a BOX strategy if you have a scanner that scans this strategy automatically accross all the market, and it so happens that the box will make money, in that case you take the trade, this is called Arbitrage though. As they a...

<t>Straddle calendars (or any calendars) for that matter are far from riskless, since you are taking a position on the term structure of vols. A lot of euroyen option traders used to get free vol carry by buying past the vol hump and selling the hump peak, as the vol termstructure was rather stable....

<t>QuoteOriginally posted by: HankScorpioBut if I ever saw that sort of thing in production code, alarm bells will be ringing...Not true - just like private constructors, this is pretty common thing to do. First of all, friends do not compromize encapsulation (I recall Bjarne giving a whole lecture ...

<t>QuoteOriginally posted by: asdWhat value should I pass into the ATM call price, if it is to be input for a model ?eg., A model requires ATM call price as an input.Spot price is 30 .Call price for 29 strike is 1.5 Call price for 31 strike is 0.75Should one do a linear interpolation??Thanks,Asdnope...

<t>QuoteOriginally posted by: CrassusYeah, I got all that, but wanted to know his reason for using it and judge whether the design was sound.its a way to make a C++ class "final" and keep the regular constructor behavior. i have heard it from the source (BS). In this particular case class Because be...

QuoteOriginally posted by: DrEvilWhat did they say that was false?Quote: "Options are a low risk, high leverage investment opportunity"

Just saw another wild advert for "Options Made Easy"... darn, how I hate these people... anyway, why has not anyone sued them for false adevertising?

QuoteOriginally posted by: silversideIt would do unpredictable nasty things.How about "Why would I want to do this?"class Why{friend class Because;private:Why(){};}class Because : public Why{//do your things};

<t>QuoteOriginally posted by: Money2) What is the difference b/w delete and delete[] ?second one deallocates memory for an array of objects. if you mix the two up, heap corruption is very likley. on a deeper level, you should be able to explain that this is a recursive call to delete with sizeof as ...

<t>QuoteOriginally posted by: CPTNEMOI am looking at 2yr, 3yr, 4yr, 5yr, 6yr, and 7yr swap rates which are all too high by 20-40bp. For convexity I am using the formula 1/2*sigma^2*t1*t2. Please help!You are using swaps - neither are sensetive to vol. Enlighten me, why do you need convexity adjustme...

QuoteOriginally posted by: Tigrenokand why this field has one the best salaries ?It must be the quality of the people...

QuoteOriginally posted by: chiral3 I vote for equations for the next shirt idea. How about a random quote instead? May be something like "the more exotic the product, the more spectacular is the blowup"