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RVP1234
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Posts: 24
Joined: September 4th, 2008, 9:50 am

Options traders

October 28th, 2008, 2:11 pm

How important are programming languages if you are an options trader. I guess VBA is a must, but is C++ important as well?
 
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aiQUANT
Posts: 91
Joined: June 4th, 2008, 6:20 pm

Options traders

October 28th, 2008, 3:11 pm

Extremely important. This C++.
 
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EconPhDTrading
Posts: 60
Joined: May 14th, 2008, 2:36 pm

Options traders

October 28th, 2008, 9:05 pm

Bullsh*t...
 
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jomni
Posts: 999
Joined: January 26th, 2005, 11:36 pm

Options traders

October 29th, 2008, 12:07 am

I know options traders with zero programming skills.
 
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LSEstat
Posts: 205
Joined: May 10th, 2008, 3:09 am

Options traders

October 29th, 2008, 1:59 am

there was only one options trader knows VBA in lehman trading desk
 
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phil451
Posts: 83
Joined: December 7th, 2007, 8:21 am

Options traders

October 29th, 2008, 8:00 am

Just about any front office app worth its salt will carry out all necessary calculations for an option trader. It obviously helps if you have some understanding of the theory behind Option pricing...... but programming, that is a long way down on the requirements list for a successful option trader
 
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RVP1234
Topic Author
Posts: 24
Joined: September 4th, 2008, 9:50 am

Options traders

October 29th, 2008, 8:18 am

So I guess most options traders don't have programming skills...this is bullshit right? I thought most options traders were ex-quants
 
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phil451
Posts: 83
Joined: December 7th, 2007, 8:21 am

Options traders

October 29th, 2008, 12:11 pm

I think that you are labouring under the misapprehension that traders are highly skilled, intelligent and sophisticated people.Although some are, most just follow the herd, whether it takes them to green pasture........... or to the slaughterhouse!That's how we got into this mess!
 
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AbhiJ
Posts: 748
Joined: August 5th, 2008, 11:29 am

Options traders

October 29th, 2008, 12:24 pm

QuoteOriginally posted by: phil451I think that you are labouring under the misapprehension that traders are highly skilled, intelligent and sophisticated people.Although some are, most just follow the herd, whether it takes them to green pasture........... or to the slaughterhouse!That's how we got into this mess!Trading is not necessarily an academically inclined job but so is most of the business where smartness matters more than theoretical knowledge.Trading requires ability of handle stress and quick thinking which is definitely a skill.
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