Hi guys, I just get a job from a prop trading firm as a trader trainee. I hope gurus here could recommend me some classic technique analysis book for day trader.Thanks a lot in advance!

<t>Actually, I am not sure about who I am assisting. It's a proprietary trading firm. Seems a lot of commodities trading stuff. In the first round, I was just asked some simple math questions from probability to arithmetic calculation such as 24*75%=? The answer must be fast. I did very well. Then t...

I recently get a trader assistant interview, I finished the first round and enter the final round interview.I hope anybody on this board could give me some suggestion. What question they normally ask for such position?Thanks in advance!

I recently get a trader assistant interview, I finished the first round and enter the final round interview.I hope anybody on this board could give me some suggestion. What question they normally ask for such position?Thanks in advance!

QuoteOriginally posted by: streetThe intrinsic value of the option is always greater than the underlying. So you would never exercise but rather sell the option.And well of course cash has a time value.BTW, anyone could please explain this intrinsic value? Never really understand it....

<t>QuoteOriginally posted by: YuraAmerican option has intrinsic value (what you get if you excercise right now) and time value. So, it is never good to excersice an option before expiration, because you're just better off by selling it (if it is in the money). The argument in Hull's, I think, is con...

Still can't understand why it's not a good choice to exercise American call option earlier?The Hull textbook reasons: concern the time value of money.But if I exercise the deep in the money call option, I get the cash, the cash still can have the time value, right?

QuoteOriginally posted by: daveangelsell calls buy 1 delta of underlyingWhy? It sounds like a delta hedge, how is this benefit from the Huge vol?

Is there any simple trading strategy which is used in the huge volatility time?

<t>QuoteOriginally posted by: hungryquantQuoteOriginally posted by: mastershawnI wonder why we they are not equal if the interest is not constant? I thought they are the same stuff unless one is the OTC securities.Could be misunderstanding but this is a classic interview question, The difference is ...

<t>QuoteOriginally posted by: hungryquantQuoteOriginally posted by: mastershawnI wonder why we they are not equal if the interest is not constant? I thought they are the same stuff unless one is the OTC securities.Could be misunderstanding but this is a classic interview question, The difference is ...

I wonder why we they are not equal if the interest is not constant? I thought they are the same stuff unless one is the OTC securities.

Get you, yeah, it makes sense!

Why at maturity the call has value (St-K)+ so delta=1 for St>Kand delta=0 for St<K?thanks in advance!!!

Got an interview from them, Financial Analyst in the derivatives sector.