Kris Sidial

Joey Chestnut is the most dominant athlete in the history of mankind. Change my mind!

What’s more frustrating is that there are people from these shops that used their work email to download our paper…….lol if you are going to steal our work outright, at least give some credit.

Two months ago every single sell side shop was raving that everyone was buying 0DTE options….. We did the research, and released the paper showing the complete opposite. We were the only firm stating these claims. Now JPM and BOFA is coming out affirming what we are saying……..

Appreciate it senor!

Thanks Matthew🙌🏾 learning little by little

Made this last week (slowly stepping my cooking game up)

12:30am here in NY, I keep thinking about Popeyes chicken, ghost pepper wings as a cheat meal later today. 🥵

Options Action: Why the VIX is trending lower despite perceived market volatility Kris Sidial, Co-Chief Investment Officer at Ambrus, joins CNBC’s Melissa Lee and the Options Action traders to discuss real and perceived volatility and how that is impacting the VIX.

Chatting a little Vol on CNBC

https://www.cnbc.com/video/2023/05/10/options-action-why-the-vix-is-trending-lower-despite-perceived-market-volatility.html

Also worth noting that Fruity Pebbles is 52 years old.

Throughout the week I eat pretty clean….Fridays are usually reserved for a cheat meal and for whatever reason I have been dreaming about fruity pebbles, not sure why but this must be done.

The S&P is down 50BPs and 1M realized Vol is at like 12 lol meanwhile zerohedge is talking about a bailout because VIX Is at 21 🤦🏽‍♂️

Spot - vol beta is hot right now. $VIX and VX futures showing life on this little selloff in the S&P.

Definitely. It’s even more polarized in this market.

Markets are behavioral driven. It’s amazing watching people constantly latch onto the next rhetoric that supports their pre-existing view. This is a coping mechanism and this act is what makes a bad speculator.

Jimmy is the man! Gotta get him on here.

FWIW I actually really like this investor, smart dude and a nice guy that I consider a friend. But attorneys can be a pain to deal with. Especially when it comes to esoteric topics outside of their expertise.

Interesting part of my week was trying to explain to an allocator’s legal team that low latency derivative execution that collapses the NBBO and works a one sided order as spot moves on illiquid single stock tails, is indeed not spoofing 🤦🏽‍♂️.

Definitely. I’m sure you have seen this more than I have. But it is a common thing to see a guy who has a solid strategy, understands the edge well, can trade…. But runs into a string of losses that mentally cripples him. Because he wasn’t comfortable with what the “real risk” was to begin with.

I understand how trading platitudes can be cringe, but a big part of trading is being comfortable with wearing uncomfortable risk. That piece right there is the difference between good performance & great performance in a return stream that is quantitively driven with a discretionary overlay.

Getting spicy fast in here 🥵

Non nerdy translation: in regards to the ETPs (UVXY/ UVIX) is that those things can be down like 40% ish in a few weeks here.

Even for those things, that type of decay is brutal.

Off the top of my head I cannot remember a time where variance was trading at such a rich premium.

SPX 30 day realized is 12
VIX is at 15.45
VX1 is at 18.45 (With two weeks till expiry)
VX2 is at 21.30

Vol buyers need the market to do something big and they need it quick lol.

Alright, let’s get this damn app going so Twitter can finally die. If this one doesn’t pop, I’m done with social media altogether 🤣🤣🤣