Jane Street’s Indian Options Trade Was Too Good

In partnership with

Salutations, Olio aficionados! 👋

Midweek greetings to all, as we unveil the 169th chapter of Weekly Olio—a delightful concoction of laughter, insight, and a sprinkle of mystery. Within these pages, you'll discover a handpicked selection of fascinating finds from the vast realms of the internet.

Keep your eyes peeled for this week’s Publisher’s Parmesan, arriving this Sunday!

A word from our Sponsors…

The Best Suit In Your Closet Costs Under $300

Forget overpriced department store suits that fall apart after a few wears. The Black Tux Essentials Collection delivers premium wool, expert tailoring, and modern styling for less than $300.

Whether you're getting married, attending weddings all season, or just tired of having nothing decent to wear to nice dinners, this is the suit that handles everything. Quality that lasts, style that impresses, at a price that makes sense.

Shop Essentials Under $300 →

The Quote󠀢 💭

The Tweet 🐦

In this talk, Hyung explains how AI is becoming that new leverage. An AI agent combines labor leverage (it works for you without needing permission) with technology leverage (you can easily copy it). It's common to say AI will create a lot of wealth, but looking at it through the lens of leverage helps us make sense of the constant AI news and find real opportunities.

The Infographic 💹

Top pay in the Singaporean government is kind of crazy. Base salary tied to the top 0.02% of earners, and bonuses tied to macroeconomic aggregates.

Need a New HRIS/ATS Software? Help is on the Way!

You can now use SSR's free HR software matching service to find the perfect HRIS, ATS, and Payroll Software for your company.

SSR's HR software experts will tailor a vendor shortlist based on your unique needs. No fees, no commitments!

Get Your Free HR Software Matches

The Short Read 📝

Career Advice - by Scott Adams

Scott Adams is an American author and cartoonist, best known for creating the "Dilbert" comic strip. He was born on June 8, 1957, and worked in various corporate roles before becoming a full-time cartoonist in 1995. Adams has also authored several nonfiction books on business, commentary, and satire.

While it may seem like a piece of generic advice at first glance, it's important to recognize the underlying truth in the statement. If you take a closer look at the lives and careers of successful individuals across various fields, you will find a common thread. Read more…

The Long Read 📜

Jane Street’s Indian Options Trade Was Too Good - by Matt Levine

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

There is a basic difference in ideas here. If Jane Street was doing a fair trade to take advantage of price differences, it would help make markets work better and lower the prices Indian retail investors pay for their options. But if it was manipulating the market, it would make markets work worse and make options more expensive for Indian retail investors. Read more…

That’s all for this week. If you enjoyed this edition, we’d really appreciate if you shared it with a friend, family member or colleague.

We’ll be back in your inbox 2 PM IST next Wednesday. Till then, have a productive week!

Peeyush and Mohit

Disclaimer: The views, thoughts, and opinions expressed in the text belong solely to the author, and not necessarily to the author's employer, organization, committee or other group or individual.