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Tue Jul 16 11:58:05 UTC 2013  <mjr_>   but, technically speaking, if i have the synthetic future on mpex, and the opposite side of a future contract somewhere else

Tue Jul 16 11:57:25 UTC 2013  <mjr_>   no doubt, that is why i want to do all the math myself, which means learning a bit of calculus, and pulling out the old graphing calculator lol

Tue Jul 16 11:56:49 UTC 2013  <mjr_>   oh, i remember that

Tue Jul 16 11:56:41 UTC 2013  <mjr_>   if i create a synthetic future on one side

Tue Jul 16 11:56:27 UTC 2013  <mjr_>   that is my point in hedging

Tue Jul 16 11:56:03 UTC 2013  <mjr_>   yes very true

Tue Jul 16 11:55:41 UTC 2013  <mjr_>   but still working on it

Tue Jul 16 11:55:32 UTC 2013  <mjr_>   so, unfortunately, my ability to show the maths is not yet caught up with my instinct that this is possible

Tue Jul 16 11:54:01 UTC 2013  <mjr_>   the end goal is a delta neutral position

Tue Jul 16 11:53:50 UTC 2013  <mjr_>   there is some basis risk with this strategy, but i plan on managing that

Tue Jul 16 11:53:26 UTC 2013  <mjr_>   cool

Tue Jul 16 11:51:28 UTC 2013  <mjr_>   or am i missing something?

Tue Jul 16 11:51:02 UTC 2013  <mjr_>   i should have a "synthetic future

Tue Jul 16 11:50:55 UTC 2013  <mjr_>   but hold the call

Tue Jul 16 11:50:45 UTC 2013  <mjr_>   and sell the put

Tue Jul 16 11:50:42 UTC 2013  <mjr_>   if i create a call, and a put

Tue Jul 16 11:50:36 UTC 2013  <mjr_>   basically, a "synthetic future" would be buy a call/put, sell the other type

Tue Jul 16 11:50:06 UTC 2013  <mircea_popescu>   mjr_ well, as an underwriter you get collateral-exercise value

Tue Jul 16 11:49:32 UTC 2013  <mjr_>   where else would i go for options?

Tue Jul 16 11:49:27 UTC 2013  <mjr_>   yes, on mpex

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