Serving the Quantitative Finance Community

 
User avatar
mcbison
Topic Author
Posts: 10
Joined: January 18th, 2010, 9:26 am

my personal squezze

February 9th, 2016, 6:38 am

Good morning, 
Last edited by mcbison on January 23rd, 2017, 1:43 pm, edited 2 times in total.
 
User avatar
mcbison
Topic Author
Posts: 10
Joined: January 18th, 2010, 9:26 am

my personal squezze

February 9th, 2016, 7:00 am

000
Last edited by mcbison on January 23rd, 2017, 1:43 pm, edited 1 time in total.
 
User avatar
tags
Posts: 3162
Joined: February 21st, 2010, 12:58 pm

my personal squezze

February 9th, 2016, 10:51 am

mcbison i'm sorry to hear that.it makes not a doubt you will cope.
 
User avatar
Paul
Posts: 6604
Joined: July 20th, 2001, 3:28 pm

my personal squezze

February 9th, 2016, 11:22 am

I would advise going to see a doctor as soon as possible, for help with perspective. P
 
User avatar
Orbit
Posts: 36
Joined: October 14th, 2003, 5:34 pm

my personal squezze

February 9th, 2016, 2:05 pm

mcbison I'm sorry to hear about it all. It's no fun, that's for sure. 1) The best you can do is disclose everything to everybody fully. Don't hold anything back, tell them all exactly what happened.2) Stay away from alcohol. It doesn't help. It just makes you weaker and more anxious.3) Get your spiritual house in order. Now.4) Do whatever you need to in order to pay back your family every penny, including getting some job you hate. Who cares, just do it.There are no fancy tricks or financial maneuvers that will help, just work and paying back. That's it.People talk a lot about character, but this is it. Your handling of this situation will be the fundamental way you think of yourself for the rest of your life. This will construct your true character. Don't be afraid.
 
User avatar
rmax
Posts: 374
Joined: December 8th, 2005, 9:31 am

my personal squezze

February 9th, 2016, 4:25 pm

QuoteOriginally posted by: Orbitmcbison I'm sorry to hear about it all. It's no fun, that's for sure. 1) The best you can do is disclose everything to everybody fully. Don't hold anything back, tell them all exactly what happened.2) Stay away from alcohol. It doesn't help. It just makes you weaker and more anxious.3) Get your spiritual house in order. Now.4) Do whatever you need to in order to pay back your family every penny, including getting some job you hate. Who cares, just do it.There are no fancy tricks or financial maneuvers that will help, just work and paying back. That's it.People talk a lot about character, but this is it. Your handling of this situation will be the fundamental way you think of yourself for the rest of your life. This will construct your true character. Don't be afraid.Nice. I remember in youth being told the situation doesn't matter what matters is how you manage the situation. Easier said than done though when there are deep personal attachments.
 
User avatar
mcbison
Topic Author
Posts: 10
Joined: January 18th, 2010, 9:26 am

my personal squezze

February 10th, 2016, 11:05 am

Now 
Last edited by mcbison on January 23rd, 2017, 1:44 pm, edited 1 time in total.
 
User avatar
daveangel
Posts: 5
Joined: October 20th, 2003, 4:05 pm

my personal squezze

February 10th, 2016, 11:14 am

QuoteOriginally posted by: mcbisonNow I have this portfolio:-58 put 34000, -112 put 30000, -347 26000, -10 25000, -20 24000, total delta 547 with multiplier 2.5 ( 1367000 euro every 1000 point of italian stock index ftmib, now the index is 16000),I had to lift the strike from 22000 to 30000 ecc and so to reduce the delta, because I had too Delta and I have no money to buy back the options (I lost the premium with futures long) because my collateral are italian government bond, now I have 2.5 mln of euro of additional margin before I have a margin call and lost every thing (but already now the losses are huge).How can manage this portfolio? waits year and sometime make some trades? I think I have a positive carry on this, in your opinion I have yet to reduce the delta?Any advice any help? it is a terrible situationswere you selling ITM puts ?
knowledge comes, wisdom lingers
 
User avatar
mcbison
Topic Author
Posts: 10
Joined: January 18th, 2010, 9:26 am

my personal squezze

February 10th, 2016, 11:18 am

I have sell ITM at 21000, and I sell 920 put in mean 24500, but I lost the premium....
 
User avatar
daveangel
Posts: 5
Joined: October 20th, 2003, 4:05 pm

my personal squezze

February 10th, 2016, 11:31 am

QuoteOriginally posted by: mcbisonI have sell ITM at 21000, and I sell 920 put in mean 24500, but I lost the premium....why ?
knowledge comes, wisdom lingers
 
User avatar
mcbison
Topic Author
Posts: 10
Joined: January 18th, 2010, 9:26 am

my personal squezze

February 10th, 2016, 12:45 pm

because I m long futrures