@aissa.harrachi5: #usmh #الحراش #كومباتيفا #الحراشية🤞🖤 ##ultras

aissa kora🇩🇿💛🖤
aissa kora🇩🇿💛🖤
Open In TikTok:
Region: DZ
Thursday 05 November 2026 23:16:12 GMT
5777
579
13
6

Music

Download

Comments

nabo.semsem1931
Nabil_Dortmund16 :
والله غير نشفا كي ليوم لي طاق لولين تاع دحمان لحراشي في بني مزاب و طاق تاع ديار جماعة وشويا شويا مبعد شويا شويا عام جي نهبطو فيه سلكنا على شعرة ان شاء الله طلعة هاد لعام❤️
2026-11-05 23:21:17
3
usmh1935bvb
HARACHI 100% 🖤💛 :
uc20 🫡
2026-11-05 23:48:17
0
akr._.amziane
akr.amziane :
Lh ybark 💚❤️
2026-11-05 23:47:13
0
rahmounkh
💎Harrachi💎 :
عيسى الحراش تفتخر بيك خويا 💛🖤
2026-11-05 23:21:37
0
userkyqkrexj26
user63453184951 :
عيسى والله غير يحب الحراش 🖤💛 ربي يشفيك و يعفيك لعزيز
2026-11-05 23:58:51
0
akramguiti12
akramguiti🍋 :
2026-11-05 23:40:57
0
abdelkrimm01
abdelkrimm01 :
2026-11-05 23:31:49
0
x__mimoo__x5
ᎷᎥᎷᎧᎧ🌀❗️ :
ذل من لا يشجع الحراش 💛🖤
2026-11-05 23:20:36
1
hcenbaziz
Hcen Baziz :
💛🖤💛🖤
2026-11-05 23:22:15
0
saidani.jaberdz
🦅💛JaƁeR🖤🦅 :
🖤💛🖤💛
2026-11-05 23:21:49
0
usmh920
Daboura :
💪💪💪🖤🖤🖤💛💛💛
2026-11-05 23:18:24
0
abdoualrume
مولودية :
🫡🫡🫡🫡🖤💛
2026-11-05 23:43:31
0
To see more videos from user @aissa.harrachi5, please go to the Tikwm homepage.

Other Videos

➡️ Quantitative Finance from Scratch, part 35: how market makers make money.  The first source is the spread. Like an exchange booth, a market maker buys a little below the fair price at the bid and sells a little above it at the ask, so every trade earns half the gap whatever the stock does next. After selling a call, it buys delta shares, so small moves no longer matter. The second source comes from the other Greeks: theta is the income, because the call it owes loses value every day, and gamma is the cost, because after every big move it must buy shares high and sell them low to keep the hedge. If the stock moves exactly as much as the implied volatility in the price, income and cost cancel. If it stays calmer, the market maker earns, and if it moves more, it loses. Vega is the risk to this income, because a jump in implied volatility makes the call it owes more expensive. If a customer sells it the call instead, everything flips. The code (marketmaker.py, 16 lines) sells our call from part 33 at the ask (fair $10.45, ask $10.55, bid $10.35) and hedges it every day on 2,000 simulated years with an implied volatility of 20 %. With a real volatility of 16 % it earns $1.59 per call on average and every path ends in profit; at 20 % it earns $0.10, about the spread; at 24 % it loses $1.41 and only 0.3 % of paths end in profit. Honest notes: a simplified model with one option, daily hedging, Black Scholes prices, constant volatility, no trading costs, no dividends and no other customers. Real market makers manage many options at once and also face fees, inventory limits and jumps. #quantfinance #options #marketmaking #greeks #finance
➡️ Quantitative Finance from Scratch, part 35: how market makers make money. The first source is the spread. Like an exchange booth, a market maker buys a little below the fair price at the bid and sells a little above it at the ask, so every trade earns half the gap whatever the stock does next. After selling a call, it buys delta shares, so small moves no longer matter. The second source comes from the other Greeks: theta is the income, because the call it owes loses value every day, and gamma is the cost, because after every big move it must buy shares high and sell them low to keep the hedge. If the stock moves exactly as much as the implied volatility in the price, income and cost cancel. If it stays calmer, the market maker earns, and if it moves more, it loses. Vega is the risk to this income, because a jump in implied volatility makes the call it owes more expensive. If a customer sells it the call instead, everything flips. The code (marketmaker.py, 16 lines) sells our call from part 33 at the ask (fair $10.45, ask $10.55, bid $10.35) and hedges it every day on 2,000 simulated years with an implied volatility of 20 %. With a real volatility of 16 % it earns $1.59 per call on average and every path ends in profit; at 20 % it earns $0.10, about the spread; at 24 % it loses $1.41 and only 0.3 % of paths end in profit. Honest notes: a simplified model with one option, daily hedging, Black Scholes prices, constant volatility, no trading costs, no dividends and no other customers. Real market makers manage many options at once and also face fees, inventory limits and jumps. #quantfinance #options #marketmaking #greeks #finance

About