India | Markets | AI | Surround Sound | Football
~ .55 Deltas
Joined August 2009
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Kairos retweeted
The goal is to some how hold it together till BJP come back into power, pass the flaming pile of shit onto them, and then protest & block all the solutions.
Chief Minister D.K. Shivakumar has finally acknowledged on record that the Congress government’s guarantee schemes have led to unprecedented financial distress for Karnataka’s transport corporations - to the point where they are struggling even to cover fuel costs.
While this long-overdue reality check is welcome, the fallout is deeply concerning: the burden of these fiscal missteps will ultimately fall squarely on daily commuters through impending fare hikes.
Kairos retweeted
Free ka cash uthaya kyu nahi? youtube.com/shorts/Cj0Ek7rTC…
Aaj se mai content creator hai 🫤
Ok I know this one is lousily made, but hey it's my first!
Kairos retweeted
Mobile PLI stats as follows:
Government incentive paid: Rs 19,000 Cr.
Direct tax collected: Rs 25,000 Cr.
GST collected: Rs 3,00,000 Cr.
Electronics manufacturing employs 25 Lakh people; mobile manufacturing alone employs 12 Lakh.
Cope harder!!
One in four iPhones is made in India, but imported parts and costly subsidies complicate the success story. @andymukherjee70 takes apart an iPhone to explain why copying China's manufacturing model may not pay off 🎥
Kairos retweeted
Я сука ненавижу это видео, потому что как только начинаешь задумываться, понимаешь, что птица идёт так-то по миру, где нет НИХУЯ, и у неё есть выбор только между тем, чтобы хоть когда-то почувствовать радость, либо бесконечно идти по пустоте, очень экзистенциально
Kairos retweeted
FT comments never miss.
I don’t think I’ve read such a rational analysis of the situation we’re in for a long time.
I've been in France since 2002 and have never seen the streets so violent nor the politics so extreme. From the sacking of the supermarket on my street to the prospect of Présidente Le Pen, here's me @FT including thoughts from 2 French Nobel laureates as.ft.com/r/addcad57-0f9d-4e…
Kairos retweeted
abandon all hope ye who enter here
China is building a 60,000 MW dam on the Yarlung Tsangpo at Medog. India’s answer, the 11,200 MW Siang Upper Multipurpose Project, was first proposed in 1983 and declared a national project in 2008.
Last year or so, India finally made moves to get the project rolling.
On Friday night, a mob that called itself “Gen Z” set fire to the NHPC office and a police station in Pasighat, looted the homes of two MLAs and injured more than 40 police personnel. Arunachal holds about 40% of India’s hydropower potential. Its installed capacity is 2,115 MW.
Every project of national scale now has to get past veto points, most of it is just stalled out of motivated malice. From survey consent, social impact assessments, environmental clearances, litigation, local politics, and finally the violent street veto.
Really need to think if Democrazy as it is practised in India today has anything remotely useful to offer especially considering economic aspirations via @timesofindia
When I was in college, we had the library at the South West end and the workshops at the North East End.
Looking at the political discourse lately has reminded me that the East End was always full of joy and laughter while building innovative shit while the South end was always about what was wrong with the college and the city and how the solution was so obvious but the people incharge were dumbasses to not do it.
Kairos retweeted
India's absolute GDP vs. per capita is a constant debate framing. Both are their own realities and quantity has its own quality.
There aren't many countries at $2800 per capita exploring moon and Mars, making complex weapon systems running world-leading payment rails, supply generic medicines to the world or become a services export powerhouse.
Supportive policy environment + absolute GDP scale + human capital talent create capabilities that per-capita rankings miss.
It is a long journey to upper middle income country status, but even with those frustrations, amazing things will keep happening simultaneously.
Good thread by @Kyunghoon_Kim_
Kairos retweeted
Anyone who still thinks Abhijeet Dipke actually respects the Indian Constitution needs a psychiatric evaluation.
Kairos retweeted
Caleb is a patriot. Jean Drezes is a parasite.
I think what is actually needed is for Indian people to actually give a damn about their cities and fellow citizens.
Anybody using the "I pay taxes, I shouldn't have to do anything" excuse should go live in another country. India isn't developed, it's developing, so it needs patriots, not parasites. If this triggers you, it means you're part of the problem.
If you're not happy with the footpath (or a pothole, or anything else which is broken), fix it, or call someone to fix it, and don't give up until it's fixed. Be relentless. Be vocal. Be creative. Make it your mission to get that one thing fixed. Look at what Virendra (@Virendra0698) did by just calling the right people and being respectful (but also persistent). He and Arun Pai (@arunpaiblrwalks) along with the help of GBA and some wonderful volunteers turned an unofficial garbage dump into a pristine, beautiful footpath through sheer force of will.
xitter.cf/Virendra0698/status/21…
Kairos retweeted
Books teach you how to price an option.
And not that the print you're pricing off is 40 minutes old, the spot has moved, and nobody's quoting that strike.
Theory assumes clean data. Practice is mostly figuring out which data to throw away.
No easy answers here...
Since you don't have bid/ask, I wouldn't try to build a full surface off 1-min OHLC. Stale prints and a moving underlying will give you garbage vols, especially in stocks.
For a 30-day constant IV for VRP, you don't need every minute or every strike. A few things that help:
1. **Pick a few snapshots a day.** Something like 10-15 which are reliable, and only use strikes that actually traded in that window. Ignore zero-volume and stale prices.
2. **Sync the underlying.** Pair each option print with the futures/spot price at the same minute it traded. A mismatch here is the biggest source of junk IV.
3. **Back out the synthetic forward from put-call parity.** Use a call and put at the same strike that traded close together, then price off that with Black-76. It saves you guessing dividends and borrow.
4. **Stay near ATM.** Use 2–4 strikes closest to the forward, weighted by volume/OI if you like. That's all VRP really needs.
5. **Interpolate in total variance.** Stocks are monthly expiries, so interpolate σ²T between near and next month to get your 30-day point.
6. **Sanity check!** Super important
Don't bother with the wings for this. If you ever do, use simple assumptions like sticky strike or sticky delta and just keep it arb-free.
Most importantly, remember what you're playing for. If you're not a market maker, you don't need pricing to the tick. Focus on broader levels and a transparent model you can understand and debug easily.
All the best!
Kairos retweeted
I think what is actually needed is for Indian people to actually give a damn about their cities and fellow citizens.
Anybody using the "I pay taxes, I shouldn't have to do anything" excuse should go live in another country. India isn't developed, it's developing, so it needs patriots, not parasites. If this triggers you, it means you're part of the problem.
If you're not happy with the footpath (or a pothole, or anything else which is broken), fix it, or call someone to fix it, and don't give up until it's fixed. Be relentless. Be vocal. Be creative. Make it your mission to get that one thing fixed. Look at what Virendra (@Virendra0698) did by just calling the right people and being respectful (but also persistent). He and Arun Pai (@arunpaiblrwalks) along with the help of GBA and some wonderful volunteers turned an unofficial garbage dump into a pristine, beautiful footpath through sheer force of will.
xitter.cf/Virendra0698/status/21…
Kairos retweeted
Mr Fact-checker please fact-check your own facts.
There is no such scheme as “Buy one Get one free” scheme by Election Commission.
As per your post, the voter had submitted only two applications and he got 4 EPIC cards.
This statement is false.
The voter had submitted 4 applications.
If you want to dispute our facts then you post the reference numbers of two applications that you claim he had submitted and we will post the reference number of the remaining two.
The problem of generation of multiple EPICs on submission of multiple forms of an individual is a long standing one. We do deduplication through ECINET periodically. We are on path to achieving the objective of catching multiple forms submitted by an individual at the submission stage only. We will achieve our objective very soon.
Please do not incite people by making patently false statements about ECI and thereby trying to create disaffection among the citizens towards a Constitutional Body.
You are advised to rectify your mistake by amending or deleting your post after completing your own due diligence now that you have been informed by us about your wrong information.
Gems of UP SIR!
Several voters whose names were missing from the draft electoral roll (jan 6th) submitted Form 6 for inclusion. In some cases, two applications were submitted for the same person and the Election Commission went ahead and issued four voter IDs.
In plain words: One person applied twice. The EC gave them four voter IDs. 😎
Buy one get one free! 🫰🏼
There are several such cases. @ceoup @yadavakhilesh @RahulGandhi
Kairos retweeted
Let us get inspired by Japan for its culture, America for its innovation, Germany for its engineering, Singapore for its discipline and Switzerland for its precision. Let us learn from the best in the world.
Yet, the irony is that some choose to be inspired by Bangladesh.
Kairos retweeted
I have not been following these protests closely, but I've been on twitter long enough to remember the discourse around the CAA/NRC, Article 370, the farm protests, etc. Every one of these issues was characterized in exactly the same way. We were told that the end was nigh, that democracy in India was dead, that the BJP was on its last legs. And yet elections continued to happen, some of which the BJP won, some of which they lost.
At some point the western elites need to realize that the "secular-left" intellectual/activist class in India is taking them for a ride. Their politics has been totally delegitimized in India, but the LARP can still yield patronage, funding, the occasional cushy sinecure...
The inimitable @pbmehta on the youthful protests sweeping India:
"For the government, the open defiance of young people... is an unprecedented challenge. It makes the Modi government’s once adamantine grip on power seem more fragile."
Thank you for your service, vet
