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Tue Feb 25 09:04:33 UTC 2014  <mjr_>   because the vast majority offset

Tue Feb 25 09:04:28 UTC 2014  <mjr_>   but that is why the derivs market can be trillions while the actual assets are not that big

Tue Feb 25 09:04:23 UTC 2014  <mjr_>   well everyone got paid

Tue Feb 25 09:04:23 UTC 2014  <mjr_>   so...

Tue Feb 25 09:04:23 UTC 2014  <mjr_>   dignork: true

Tue Feb 25 09:04:23 UTC 2014  <mjr_>   that is the goal though

Tue Feb 25 09:03:42 UTC 2014  <dignork>   mjr_ well, in reality market maker might be not delate neutral

Tue Feb 25 09:03:35 UTC 2014  <mjr_>   last april

Tue Feb 25 09:03:33 UTC 2014  <mjr_>   he absorbed losses that were pretty huge

Tue Feb 25 09:03:17 UTC 2014  <mjr_>   anyone can create options

Tue Feb 25 09:03:12 UTC 2014  <mjr_>   in case you don't know

Tue Feb 25 09:02:40 UTC 2014  <mjr_>   so you stay delta neutral?

Tue Feb 25 09:02:34 UTC 2014  <mjr_>   but if you sell options on both sides of the train?

Tue Feb 25 09:02:26 UTC 2014  <mjr_>   um...

Tue Feb 25 09:02:26 UTC 2014  <mjr_>   \

Tue Feb 25 09:02:18 UTC 2014  <mjr_>   do you remember how much the losses were last april?

Tue Feb 25 09:01:58 UTC 2014  <mjr_>   don't know though, he could have chosen those things at random

Tue Feb 25 09:01:49 UTC 2014  <mjr_>   and why you raise money in bonds to cover your trading

Tue Feb 25 09:01:42 UTC 2014  <mjr_>   and why you'd never program a bot to do so

Tue Feb 25 09:01:34 UTC 2014  <mjr_>   that is probably why you don't write options that big

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