Cem Karsan 🥐, Discover and Read the Best of Twitter Threads by @jam_croissant

Cem Karsan 🥐

jam_croissant

1/x Here we are @ 4/12. The rally to ATH has transpired as predicted & the VIX has tumbled to 13 month lows. Theof weakness has opened & this is

1/x In my1st year in the pits of Chicago, I quickly learned a favorite pastime of idle traders on a Friday w/nothing trading was to create a humorously absurd challenge

1/x I agree with this whole heartedly. Today’s & Mon’s close...The thinking goes like this: the vol curve is so inverted that there are dealers short 11/4 puts, as these

1/x Today was an important test for the Market. As I pointed out at the recent top, it has had every reason to go down: it was overbought, poor seasonality,

1/x Alright. Time to spin the wheel....I probably sound like a broken record at this point, but vanna/charm flows are at their peak this week into 10/12. If you haven’t

1/x I think most people look at IVol as a simple mean reverting fxn...They think when IVol is low it’s smart to own it & be hedged & when it’s

1/x Alright, if you haven’t read @choffstein most recent piece, do it. & if you have, go read it again. It speaks to a concept that I‘ve been preaching for

1)Yes. I agree. To me it seems like common sense. If you are buying puts, you are buying them for a spec or a hedge, especially in the US where