"... You don’t want to think you are trading a long delta position when you are really short ..."
This is a Spanish verb "Davila", as in "he Davila-ed"
Davila: to mess up your Excel spreadsheet such that you think you are long a bunch of copper when you are actually short, and blow a 206 million hole in the Chilean national copper companies trading account. See Juan Pablo Davila for etymology.
"... You don’t want to think you are trading a long delta position when you are really short ..."
This is a Spanish verb "Davila", as in "he Davila-ed"
Davila: to mess up your Excel spreadsheet such that you think you are long a bunch of copper when you are actually short, and blow a 206 million hole in the Chilean national copper companies trading account. See Juan Pablo Davila for etymology.
Background here https://www.latimes.com/archives/la-xpm-1994-02-12-mn-21902-story.html
(Yes, the date for that story is indeed 1994, and I suddenly feel very old remembering this)
... TonyC
Nice to hear from you TonyC. Been a while. Hope you are well and thanks for showing up :)