I only know about variance swaps In theory. VIX is the closest alternative . my friend in Romania worked at jp Morgan as a programmer supporting clients trading swaps but he said what I'm doing is very different. I worked at a hedge fund for 4 years but no one there knew any math at all and were terrified of charts and graphs even tho they made tons of money. I don't know, i do my own thing and it seems like any job trading variance swaps is going to be highly constrained
Whats your preference,trading or sales? As you know,totally different beasts.. If I am not mistaken you have not traded a correlation/dispersion "book".Have you traded the Vix?? I was head trader of ED at a big boy IB..I know what i looked for
thought one of the ideas was to trade realized vs implied. this might be useful https://tinyurl.com/y9qlo49r
Sales, because I think it’s easier for me to fit in there. Never traded dispersion, read about it tons and I find it interesting. I have traded vix options quite alot and tried trading the ’print’ too, I haven’t traded since summer because I haven’t had the time because of Uni and i’m trying to build a new strategy to implement and doing more research on vol. trading. I’ve read alot of your posts, and I can tell that you have had a lot of experience in the field. If you have any tips for fresh graduate looking to get his foot between the door my ears are open.
investment banks and financial firms have "policies and procedures". The one I worked for, claimed that I missed a "very important training" on the proper duration of eye contact that I missed out on by working from home. You have to deal with people who can be quite the pompous asses that will misinterpret statements written in email that are totally innocuous but they mysteriously interpret as threatening because the "windows guy secures our email" or weird shit like that
I assume you talk about a master thesis? Doesn't a master thesis have to be based on a new idea or concept? Var swaps and most dispersion products are mature products, some new products are just given a fancy name with a slightly altered kernel. In the end they are the same old dispersion games banks like to play to risk transfer volatility.
I think from a sales perspective,you are operating way above the pay grade of most of your competitors..Pretty sure your knowledge of products along with your hands on trading experience is close to the top when compared to other salesman..Definetly ahead of the curve.. What makes you say sales is an easier fit??? Its definetly an easier job
Considering your comments, you might think about leaning back on some game theory thoughts -- something like, "Crying 'Wolf': Tests of 4 Different Reputation & Hysteresis Shocks in Global Currency Markets" Explain the idea, run four different evaluations, write up the results, hope for a bit of surprise, but regardless, prepare yourself for the post-TrumPidiot/Populist re-focusing on global markets' stability. You're in like Flynn. You've got elementary stat., market vol, cultural norms vis realpolitik vis game theory??? What's not to love?