HNHacker News
TopNewBestAskShowJobs

SamReidHughes

5,112 karma · joined August 4, 2007

sam@samuelhughes.com

http://samuelhughes.com/

submissionscomments
SamReidHughes··on Supreme Court sides with Slack, putting direct listings in jeopardy
Brokers get told how many assignments they need to make and then they hand them out randomly to their customers. My impression was that the number of exercises gets added up by the OCC and there is no chain of permutations recorded tying an individual exercise to an assignment from one broker's customers to another.

My belief here is based solely on having read some documents about the assignment process and having seen no reference to such record-keeping.

SamReidHughes··on Supreme Court sides with Slack, putting direct listings in jeopardy
If you make a mid-day order on an exchange you would be able to trace the transaction to a specific buyer and seller, because a specific counterparty got matched with your order. But if you exercise an option, or buy at the opening or closing auction, the shares are naturally commingled together.
SamReidHughes··on Asia Sentinel Blocked in Singapore
Sports are virtuous, drunkenness is not.
SamReidHughes··on L.A. watchmaker crafts $70k timepiece that may revolutionize U.S. watch industry
This guy's bringing his A-game.

$70K is going to look like a bargain.

SamReidHughes··on US school buses are going electric, in four charts
> what is the incentive behind focusing deployment in districts with a majority of PoC ?

Um, because they vote Democrat, and that's whose in power.

SamReidHughes··on Math prodigy runs market-making empire
The active orders on some brokers tell you how they got routed (i.e. via "Citadel"). I did some testing, with similar trades. Some of the difference is just from the commissions structure -- if it's not a percentage of contract price, smaller priced contracts benefit from lower commissions. I was buying and selling long and short strangles and straddles or iron condors. Sometimes strangles with farther out contract legs, at prices like 0.40-0.80, would use Robinhood (simply because I had an account with them, and not every other broker), while nearer contract legs at higher prices on the same underlying would use Fidelity or IBKR.

Generally I was entering and exiting, not holding to expiry, so I had 0.65x4+fees = 2.70 in commissions for a given contract pair on Fidelity. Nowadays it'd often be about 2.05 on Fidelity because they let you close contracts under .65 for free. I didn't think to negotiate commissions, but I was surely too much of a small fry for that.

SamReidHughes··on Sorry Mont Blanc, I will not be purchasing any product from you in the future
They're standard rechargeable batteries in sizes like CTL1616, which are easy to get.

AFAIK they don't need to be replaced on a comparable time frame if the watch regularly gets light.

SamReidHughes··on Math prodigy runs market-making empire
As a retail customer that has done volatility trading I've used RH and other brokers that route through Citadel, because they gave better fills/commissions that made my returns more profitable.

The reason for this is that they can give tighter fills to small scale (and presumably dumb) retail investors.

> and the Robinhood founders.

Do you mean the Robinhood shareholders?

SamReidHughes··on Ask HN: How can I profit from climate change?
Global warming is only about 1 degree Fahrenheit every 2 decades, so the rate of profit or loss is going to glacially slow -- it will be in proportion to its minimal impact on GDP -- compared to other money-making opportunities.
SamReidHughes··on Casio adds fitness features to original G-Shock digital watch
What is a Europe?
SamReidHughes··on Casio adds fitness features to original G-Shock digital watch
I am implying you can expect that price to be maintained in the future -- it isn't some ephemeral discount.
SamReidHughes··on Casio adds fitness features to original G-Shock digital watch
It's been available at $40-$50 in practice for years and years.
SamReidHughes··on America will soon see a wave of bank mergers?
Maybe you are confused by the words "common stock" in Basel 3 or something -- that's in the stockholders' equity line, book value, and is not defined by the market price of the company's own common shares.

(For example, you can look at PACW's Q1 press release, and see its Tier 1 capital ratio not getting cut by 2/3 by the precipitous drop in share price they endured: https://www.pacwestbancorp.com/news-market-data/news/news-de... )

SamReidHughes··on Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
It's publicly traded and they pay RSUs.
SamReidHughes··on America will soon see a wave of bank mergers?
What "capitalization rate" (?) that banks use includes the publicly traded share price in its calculation?
SamReidHughes··on Bank Failures Visualized
Some of them. A bit less than half of loans at Capital One are more than 5 years, for instance. (I'm just overly familiar with that company.) But a 6 year loan from June 2021 is still almost 1/3 paid off.

The other question is if there's a recession, how much will used car prices, for cars that were new in 2021, drop.

SamReidHughes··on Bank Failures Visualized
Keep in mind that car loans get paid down pretty fast. For example, Capital One's <620 FICO customer segment has already paid off about half the auto loan principal from 2021. Their delinquency rate has flattened, quarter over quarter, as well.
SamReidHughes··on America will soon see a wave of bank mergers?
What exposure to the stock market are you talking about?
SamReidHughes··on Bank Failures Visualized
What? How do depositor bailouts affect bank managers' incentives?
SamReidHughes··on Oklahoma court won't stop Glossip execution
That's also how it works if the County Golf Commissioner finds that he is 'actually' innocent.

Because that's not their job.

SamReidHughes··on U.S. regulator set to take over First Republic
Because the principal isn't paid down, the weight of the future loan repayments is more years away, and they get more affected by interest rate changes.
SamReidHughes··on Singapore plans to execute man over 1kg of cannabis
Jumping in front of a train also has the death penalty; drug dealing in Singapore is just another form of suicide.
SamReidHughes··on No Source Code == No Patent
Sure they contributed. They incited the development of better media compression formats.
SamReidHughes··on Andrew Carnegie Turned His Fortune into a Library Legacy (2013)
They (Singapore, or the PAP) have freely amended their judicial system as they see fit.
SamReidHughes··on Free Speech Twitter Is Now Globally Blocking Posts Critical of Indian Government
Musk always said Twitter would follow laws of the countries it operated in.
SamReidHughes··on New Orleans teenagers found a new proof of the Pythagorean Theorem
There is a very straightforward proof that involves dropping an altitude.

https://www.mathopenref.com/lawofsinesproof.html

You could use a similar technique to make this proof not reference trigonometric functions.

SamReidHughes··on Twitter deleted Jane Manchun Wong's account
Twitter also deleted her website and LinkedIn account.

https://search.brave.com/search?q=jane+manchun+wong

SamReidHughes··on Options traders hit with margin calls as winning bets against banks are in limbo
Robinhood is often the optimal platform, or tied for one of them, for options trading, because it has no commissions and in some cases, some degree of payment-for-order-flow fills where your orders blend in with "dumb retail".
SamReidHughes··on Meta stops offering remote work in new job postings
If anything, companies would favor remote work because it allows them to undercut the pay required for local talent.
SamReidHughes··on Andreessen Horowitz is now openly courting capital from Saudi Arabia
Desperate? It’s not like they’re facing a margin call. They’re just looking for funds to be VC’s with, because that’s the business they’re in.

Your attempt to frame it as “desperate” is just kinda sad.

← PreviousPage 3 of 34Next →