In the past you have offered to sell protection for test takers. Is the window open this year?
mwvt9 I will sell you a swaption on our marks…
Price it out. I might take it.
Note to JDV. I am not kidding…really interested in your numbers.
Later in the week…
I’ll be waiting…
Sell protection? What the hell is this about?
I’d like to hear as well…
i Don’t.
mcpass Wrote: ------------------------------------------------------- > Sell protection? What the hell is this about? He will give you a payout. You pay him a premium and if you pass he pockets it. If you fail he has to pay you based on the odds.
That’s ridiculous
JoeyDVivre Wrote: ------------------------------------------------------- > Later in the week… he is trying to asses the risk…
Why? It is a hedge. How many hedges have we learned about at level II? I am not saying I am going to do it. I would like to see what his implied odds are for me. He is pretty good at pricing this stuff.
What’s last year’s thread about this?
What do you mean?
it’s a hedge for you . you are the hedger and Joey is the speculator…I’m betting on backwardation
florinpop Wrote: ------------------------------------------------------- > it’s a hedge for you. No crap! 
“He is pretty good at pricing this stuff.” Where can I see his past prices, say for last year’s L2 takers. Is there a thread on the forum for it?
mcpass you must understand this is very adapted pricing…
I don’t think there was a specific thread. Every once in awhile he would just into a thread and say I’ll give you 3:1 or whatever.