We looked at the choices, and made ours. Don't tell me it was the wrong choice, without knowing literally anything about me or my wife. That's pretty patronizing.

If the stock truly is wiped out and common shareholders equity is 0, you can exercise the put, receive 100x the strike value per contract, and deliver nothing.

Source: https://www.optionseducation.org/referencelibrary/faq/splits...

I don't know if this was your intention but it's kind of a pet peeve of mine when someone posts "that's useless" to a content creator without elaborating on how they would've approached the issue.

Yes...the average retail customer submitting a market order will generally get a better fill with PFOF. This is what most people don't usually mention when talking about those terrible high-frequency trading firms.

E.g. if a stock is trading at 10.00x10.10 and I submit a market buy via Robinhood. Citadel or someone else is going to pick that up and sell it to me for, probably, 10.08 or 10.09. Not the 10.10 I would've paid on the open market hitting the offer. It's in fact illegal for me to get a worse (higher) fill than 10.10.

That's a pretty insulting statement for those of us who can't have / don't want children.

It's not a competition. We've chosen different paths than you. Not worse, just different.

They just offered me a job with a base salary plus profit share, they want me to head an internal hedge fund (low 7 figures to start) and build a track record for a year, then they will raise the capital invested. I would also be in charge of hiring and heading a team. This position requires an overseas move.

I've spent ~10 years writing my trading codebase (70,000 LOC), along with extensive backtesting resulting in roughly 10 different profitable patterns (systems) that I trade. I want to protect myself and that IP.

I want to say that there haven't been any red flags in this process. I've met several of their people, multiple times, and they are excited and want a long-term relationship. They've looked for a person like myself for this project for a while, and recognize my expertise.

They are a bit naive in the coding/tech domain (their family money is in mining and real estate). They just sent me a (boilerplate) contract which gives them rights to any property "developed in the course of the engagement" along with property "relating to the Proprietary Property."

I am fine with giving them access to anything I develop while being paid by them, but it will be tough to separate from my existing codebase and systems, which I will use to trade their money, presumably on their server. (I lease my own VPS now, and their brokerage account is connected to mine via an advisor account.)

I'm excited for the chance to run this fund, but am a bit overwhelmed by potential legal and financial missteps.

TL;DR: Has anyone ever been in a situation where they needed to use old code for a new employer, without relinquishing IP rights?

Comments URL: https://news.ycombinator.com/item?id=22035104

Points: 1

# Comments: 3

How is that buy vs rent? Sounds like just house vs apartment?

"Is becoming a racist the best solution, so I'm able to function more effectively?" I can't tell if you're being tongue-in-cheek here or have genuine social issues. My (admittedly somewhat harsh) advice is to close your IDE and go interact - in person - with other humans.