I remember back in 1990 when I was first starting my hedge fund in London England, one of the very first. I hired two Ph.D.’s in Mathematics from Cambridge University, and we started inventing one the first purely quantitative approaches to the stock market. We were playing around with statistical probability arbitrage and Monte Carlo […]
(FUND OPTIONS IN THE MARKETPLACE) February 2, 2024 Hello everyone, Money market funds are awash with money. The 2022 sell-off and rapid rise in interest rates in 2023 caused money-market balances to soar, doubling from where they were just five years ago – a far bigger increase than the historical trend. Investors didn’t […]
Global Market Comments February 2, 2024 Fiat Lux Featured Trade: (Trade Alert – (IBKR) – EXPIRATION)
Expiration of the Interactive Brokers (IBKR) December 2023 $80-$85 at-the-money vertical Bull Call debit spread LEAPS at $5.00 Closing Trade 12-15-2023 expiration date: December 15, 2023 Number of Contracts = 1 contract Just a reminder that for those who weren’t looking, our position in the Interactive Brokers (IBKR) LEAPS expired at its maximum potential profit […]
Mad Hedge Biotech and Healthcare Letter February 1, 2024 Fiat Lux Featured Trade: (STEADY AS SHE GOES) (JNJ), (WBA), (KVUE)
Today, let’s talk about something that might make dividend enthusiasts a tad uncomfortable — when beloved companies take an axe to dividends. Yeah, it’s a bummer. Imagine you’re on a steady course, relying on those dividends to keep flowing in, and suddenly, a storm hits. That’s what happened when Walgreens Boots Alliance (WBA) rocked the […]
TRADE ALERT: CLOSE SQQQ Hello everyone, As I expect the markets to go back up after a brief blip, I believe we should close the SQQQ ETF. There is a firm expectation that the Fed will cut rates in June 2024, and this will drive the markets higher. Additionally, as 10-year yields start […]
Global Market Comments February 1, 2024 Fiat Lux Featured Trade: (THE 16th YEAR ANNIVERSARY OF THE MAD HEDGE FUND TRADER)
The Diary of a Mad Hedge Fund Trader is now celebrating its 16th year of publication. Last year, I religiously pumped out 3,000 words a day, writing or editing 24 newsletters a week of original, independent-minded, hard-hitting, and often wickedly funny research. I spent my life as a war correspondent, Marine Corps combat pilot, Wall […]
Mad Hedge Technology Letter January 31, 2024 Fiat Lux Featured Trade: (FOLLOW THE CELL TOWERS IN TECH) (CCI)