"There you go." " Thank you." "Yes." "It's Monday moming again." " At 8 am sharp." "Time..." "...for the naked truth." "Time..." "...for the hour of attack." "Chris, do you have a second?" "Fourup." "Four down." "Two the same." "Fucking Tech options." "And you?" " I did okay." "Andy, do you have a second?" "Okay?" "If you'd invest in those, you'd be Scrooge McDuck." "Ivan?" "Forty times Swaps Model Documentation forupstairs." "I'd like to see that." "3000 orhigher." "Be careful with that skew." "You need the 'One Year.'" "Nice shoes." " Hey, you." "Come overhere." "Go get me a coffee." "Make it a tall non-dairy latte." "No cocoa." "Cahen  Greeson." "Good afternoon." "Mr. Ivan." " Mr. Nazim." "And?" "25. 27. 29 euro." "And 85 cents." "29 euro." "And 35 cents." "The feta is on special." "Bye, Mr. Nazim." " Bye, Mr. Ivan." "Cock-a-doodle-doo." "Where do you get those ideas?" "I receive them." " Who from?" "I just do." " Just do?" "Very well." "Take a seat." "Nigel, will you get us some coffee?" "Suppose your broker shows you a price of 1.8 against 2.0 on a Steldon put option." "Strike 50, share 52, expiration December 08." "Take it ornot?" "May I?" " Go ahead." "Ex-div date?" " 50 cents on the day before expiration." "I'd take the deal." " Why?" "Volatility 30 gives a theoretical value of 1.90." "Dividend lifts it to above 2." "That was easy." "Now:" "Put on the same share, no dividend, price is 48." "Bid 3.8, ask at 4.0." "Buy ornot?" "Your broker won't wait." "Decide now." "Buy." " Why?" "Intrinsic value is 2." "So is the time value." "Skew effect lifts it to above 4." "Call option share XYZ." "Your broker shows you an ask of 3 euro." "With these details." "Buy or not?" "Decide now." "Come on, snap out of it." " Buy... don't buy." "Why?" "I don't know." " This is a 20 million euro deal." "Last chance." "Do you take the deal?" " No." "Sure?" " Yes." "Why?" "Just because." "Did you see that, Nigel?" "That's what I call fucking amazing." "There you go." "I want coffee too." "Come over here." "Get lost." "Sit down." "Son..." "This is going to be your desk." "Yes." "No." "As you sow, so you shall reap." "What's yourname, by the way?" " Ivan." "Nice to meet you, Ivan." "Next time you win." "Aman doesn't choose his luck." "Luck chooses his man." "I'll introduce you to Max." "London School of Economics." "Drives an Aston Martin DB6 and loves big-assed brunettes." "Wait here." "What are you doing?" "No." "This one." "Ivanovitz." "Sorry." "So you're the sticky-note guy?" "I'll get back to you." "Afew good ideas don't turn you into a good trader." "I need soldiers on the floor." "I'm going to give you a chance." "One chance." "You can go now." "Have a nice day." "Fucking A. You're going to make it big-time." "Nigel, do you have a second?" "Your broker:" "Fuck offindeed." "He makes money by screaming into your shoutbox." "He needs you." "Finally:" "Fucks offs to me, your senior." "It's officially allowed." "But I'll rip your head off." "Do you know Ivan?" "He's my new golden boy." "Hi, I'm Deniz." " I know." "You're from reception." "What's your girlfriend called again?" "So you're a trader as well?" " Yes." "I'm Ivan." "What is it you like about it?" "Your foot is as long as your lower arm, and your hand is as big as your face." "Those things match up." "I like that." "That I'm not at home tonight, but having a beerwith you." "That you're wearing Donna Karan perfume." "Every choice causes a wave in the market." "Traders surf on those waves." "They make the connections that no one else does." "People who are afraid of numbers call that cynical." "Or cold-hearted." "They call us autistic." "That you can express something as elusive as desire in numbers isn't that beautiful?" "Well, boys and girls." "Any exciting developments here?" "Good moming." "Broker screen, option prices, volatilities, EBS, currencies, here." "This is how you buy options." "Ten of them." "And here, look, Ivan they're sold again." "This is your PL:" "Profit and loss." "Yourbrokeris on the shoutbox." "Good moming, Yves." "Close 234." "I did it at 341." "Ivan, what are you doing?" "I'm going to try something." "That's a million euro puts on Flippen." "Don't." "Quit it." "Hold on." " I'm your senior." "Let's talk about it first." "Arert these the last six months?" " And?" "Yes, the pre-announcements." "Go and do something, moron." "Did you hear about that gas pipe on Kalimantan?" "Yes." "That could be something." "Could be." "So?" "I'm going to try something else first." "What's this?" " The crop." "Thank you." "Maarten." " How are you doing?" "Fine." "And you?" " I have a headache." "That Taliskeris good, but this moming..." "Really." "I couldn't get out of bed." "Do you have a price forAXAJanuary 0917 call?" "Two twenty, twenty-six." " Make it 50,000." "Thank you." "Do you know AEC?" " Ahedge fund of four billion." "Ahuge panic there." "Under-performance." "This is big." "Sell the rumor, buy the fact." " That was Stuart." "He's Irish." "Drinks Belgian beer, drives a Porsche Cayman S." "Likes Russian bleach-blondes and he's an underpaid senior at AEC." "Easy pickings." "Amajor hedge fund is bleeding out." "Attack." "Maarten, do you have a price..." " Is yourbroker okay?" "Business school drop-out, drinks Absolut Vodka drives an Italian classic." "Gay, I think." "What is this?" " Sorry." "What?" "Some nut-job or other." "IT can't block him." "Come on, time for a celebration." "I'm still trading futures." " Live life, man." "Fine." "Bulls  Bears?" "Are you coming along for a drink?" "That monk never does." "Just let me do it." "To master Stef." "And to Ivan." "I'm going for a smoke." "I'll be right back." "I always compare trading to football." "It's like a secure scrum." "We engage in binding." "Winning is important, but it's team sports." "What they do on the field, we do on the floor." "Together." "All of us on top of it, binding, so we block our opponents." "I'm going for..." "So you're the new star now." "Right?" " Well... star." "Stef says you're pulling in a 100 grand a day." "I call that a star." "I thought those amounts were a secret." "You're funny." "Your watch, by the way, doesn't..." "No?" "You know what would go nice with that suit?" "Aplatinum Calatrava." "That would look great." "Nice." "Do you smoke?" " Yes." "More out of principle, but..." "No other object offers as much comfort as a cigarette." "Chocolate?" "No." "Ahot-water bottle?" "Awoman?" " That doesn't count." "Why not?" "As an object." "I'm going back in." " Me too." "I like those colors." "Those bricks and yourfeet." "And those shoes." "Did you go for a swim?" "It's open 'till late then." "Korea, right?" "Brussels." "Sleep well." "Or shall we have a drink?" "Cahen  Greeson." "Good morning." "Yes, I'll put you through." "Suppose we'd do it like this." "I'd say:" "Hi, I'm Ivan Lukas Vandeweghe, 24." "I'm a trader at Cahen  Greeson." "Would you like to have tea with me tonight?" "Would that sound weird?" "Yes." "Hold on." "Cahen  Greeson." "Good morning." "Yes, I'll put you through." "What kind of tea?" "I have all kinds." "Lapsang souchong, for instance." "Pu'er." "Darjeeling." "Suppose you would say that to me, I'd probably ask:" "What time?" "Ten o'clock." "That's good to know." "Do you to take the wheel?" "Come on." "Floor it." "That's it." "Why isn't it going down?" "Reuters?" "Nothing." " Bloomberg?" "For how much are we in the hole?" " Minus 1.3 million." "Who will buy this stinker?" "Stef, we need to get out now." "I want to buy back all our Rockfund calls." " No deal." "Suppose you're Armored Eagle and Rockfund's shareholders meeting is tomorrow." " We have to cut everything and go up." "Maarten, short puts and long calls at market in size now." "And Grossham:" "Double up on long puts and short calls at market." "Minus 650,000." " Look at Grossham." "These stocks are tanking." " Minus 200,000." "We're even." "+160,000, +300,000 +680,000, 1.6 million." "1.8 million." "Wait a second." "What did I say?" "Your eyes are like two... dark, sparkling, magical lakes." "They reveal the secrets of the universe." "Tea?" "Be careful." "Don't touch." "Orthe mother will bite them to death." "This building is only three months old." "Everything is made of concrete and I'm on the 22nd floor." "How do those animals do that?" "Look at those volumes." "Japan is panicking." "If I run the analyses now, I'll get the bottom price tomorrow." "Good night." " Yes, good night." "Maarten, I'm still waiting." " Sorry, it's busy at the index today." "Didrt you hear?" " What?" "He received a warning." "That fiddling with graphs." "It doesn't come close to our results." "He has to come up with something, or it's back to Tokyo." "Seoul." "Hello!" "Lady!" "Stop!" "It's still new to me." "You've always had bad taste, haven't you?" "My previous boss worked from 7 am until 10 pm." "At ten he put his feet up and took whisky from his desk-drawer." "Sometimes he had tea." "It didn't need to be alcohol." "And then he went to a whore." "He did that for his family." "He had to get rid of the tension." "I get that." " But his wife doesn't." "It's like a pressure cooker." "When the pressure gets too high, you need release." "Hey, Paul." "Are you getting laid enough?" " Yes, Paul are you getting laid enough?" "Those Asian pussies are nice and tight." " Madam could you do me a favor and sit on this young mars lap?" "It's his bachelor party." "That's right." "Come here, baby." "Gleat." " Isn't it gleat, Paul?" "That's quite the ride." "Sleep well." "Hey, grandma." "It's Ivan." "I knew you'd be awake." "What are you watching?" "Then you need new glasses, grandma." "Yes, I'm still in Amsterdam." "Yes, fine." "Yes." "Why?" "It's exciting." "It's hectic, but..." "Yes, that's fine." "Bye, grandma." "Do you want to do something with those calls?" "Yes." "February 0923 call." "And 2124 in size." "Do you want them at 124?" "I have 20.000 of them." " No, a sizeable volume." "How many?" " Make it 60." "Blow it out." "Congratulations." "That's sad, Gopher." "Do you believe that too?" "How are you doing with the technical analyses?" "I heard about your warning." "I can help you." "Why?" "Yes." "Sorry, Stef." " 2.3 million down, damn it." "And I'm doing nothing but dumping your fucking SP positions." "Yes, half an hour ago, you fucking asshole." "Yves, I want to buy back SP and triple it." " Stop that." "It's a deal." "What are those assholes doing?" "Nonfarm Payroll is laying off another 500.000 workers." "Right?" "That dollar should plummet." "What would you do?" "What would you do?" "Everything long on US financials." " And then?" "Do you have a price for a sizeable amount of March 09 Texacom calls?" "That felt great." "Yourturn." "If you'd listened, we'd be at +1.2 million." " Don't whine." "Come in on time tomorrow and we'll win the rest back." "34 euro and 20 cents." "34 euro and 20 cents." "Bye." "There you go." "How are you?" "Okay." "I'll give you tendons and cover you with skin, so you'll come alive." "I heard the bones joining up and saw how they were covered with skin." "I saw flesh grow and I saw tendons." "They arose and became alive." "They stood on their feet." "Get lost." "This award is for someone with the biggest..." "PL." "Stef come here and bring along that lucky devil of yours." "Come on, people." "No, over here." "Hold on." "He?" "Senior?" "It's soon, but his results are exceptional." "He's still wet behind his ears." " Yes, but we might lose him otherwise." "Yes, but..." "Asshole." "I brought you in, right?" "Yes." "It's Monday morning again at 8 am sharp." " Time for the naked truth." " Time..." "Patrick, every second is the hour of attack here." "This one." " This one." "Is that going to be big?" "Decide now." "Decide now." " Stef, I said:" "Fuck off." "Yes." "So?" " So?" "300,000?" " Calls?" "At market." "Place the order now." " He's teaching you how to lose." "Stef, get lost." "Thank you." "It's time for the naked truth." " Thank you, Stef." "There's your screen." " Silverballs." "Very funny." "Thank you." "Fuck off, Stef." "Come on." "Go." "I'm Steven." " I'm Henk." "Who are you?" " Ivan." "Don't cover your eyes with your hand, please." "Thank you." "Henk, why don't you start." "I asked my boss for an advance." "For a washing machine, I said." "I went to the arcade... and I lost all the money." "I couldn't stop." "580 euro." " Thank you, Henk." "Very brave." "Support, please." "Ivan, is there anything you'd like to share?" "Fine." "So, I'm Ivan." "I think this is useless." " No, it isn't." "Please share with us what you gambled away." "550... 1000." " 1000 euro." "That's quite the amount." "Lost?" " Won." "Won?" "Thank you." "That's extra brave." "Would you like to share how you won this?" "No." "April 2009250 put." "Yes, for the 23 September 09 Fortis At-the..." "But seriously, Maarten..." "Do you have a basket Deutsche Bank forme?" "The same as we did before?" "Frank, do you have KBC..." "How big do you want it?" " Hold on." "Good evening." "Yes?" " Do you have a vacancy?" "Room?" " No." "Dormitory, please." "Don't talk to Paul today." "Why?" " He put everything long on Chin-Ho." "So?" "Chin-Ho was going to take off." " It did." "For a little while." "Then a knee-jerk and then it tanked completely." "Paul, really." "Sorry." "I don't understand it." "I can fix this." "It will be fine." "What do you want?" "!" "L-Beam." "Crunched through the price level." "And that dork was babysitting his trade." "Waiting for a short squeeze that never came, of course." "No way you can do this." "When was the last time you made nine grand before lunch?" "Pool 16:00" "Overthere." "Yes." "This door." "Paul?" "Sir?" "Come on." "That was it." "Thanks." "Okay." "I mean..." "Weird, but..." "Do you know that crusher that turns a car into a tiny package?" "The walls squeeze in from all sides." "I know that." "You're lying in bed and the ceiling suddenly comes down." "Would you do me a favor?" "I want to see him." " I understand your question, but the coffin has to stay shut." "Then I want to see the coffin." "The flight leaves in 35 minutes." " Just for a minute." "Jung-Hwa 'Paul' Chung?" "Where are his feet?" "Overhere." "Thanks for coming." "I..." "I want to tell you something." "Do you know Nasreddin Hoca's stories?" " Open it." "One day, Hoca catches a crane." "He takes it home." "He thinks:" "The beak and feet are too long." "He takes a knife and hacks them off." "He places it in a special, beautiful spot." "He looks at it and says:" "There now you're a bird." "So you don't want it?" "Maarten." "I have a list." "AIG..." "Bank of America, City, Fiserv, ING..." "GP, Prudential, RBS, Standard Chartered and UBS." "One month at the money calls." "All 10,000 contracts." "That's 1 million calls per underlying." " Correct." "What the fuck are you doing?" "Losing." "Do you know something I don't?" " With all due respect, do as I ask." "Why 10 million calls?" "You're pissing away a fortune." "Why?" "Where are you going?" " Away." "The market is open for anotherfive hours." "Get back here." "Watch it." "Fire me if you want." " Did you get an offer?" "Who from?" "RBS, City, Merrill?" "I'll double their offer." "Ivan!" " Leave it." "He's finished." "You can't let that asshole crash." "He's my asshole." "Hey, Stef." "Did you have a nice day?" "What are you doing?" " Live life." "Minus 11 million 980 thousand?" "We can round that off to 12, right?" "Master Ivan!" "You had me, dude." "I thought:" "This is it." "He's lost it." "From -12 to +18 million." "That's masterly." "My respect." "You're a master." "Really." "Amaster!" "I'm Ivan Lukas Vandeweghe." "I'm 24." "I was bom on September 27, 1984." "It is now 11:13 pm." "I'm in Amsterdam." "I am Ivan Lukas Vandeweghe." "I'm 24." "I was born on September 27, 1984." "It is now 11:13 pm."