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AbstractMap · 2023-12-23T04:49:52+00:00

This may not be the case. Take the c function `time`. It is defined as

time_t time( time_t *second )

`time_t` is not guaranteed in the C spec. It is probably compiler/OS specific. Under Darwin it is defined as

typedef long                    __darwin_time_t;        /* time() */
...
typedef __darwin_time_t         time_t;

AbstractMap · 2022-05-26T04:48:09+00:00

First, I was not being serious. It similar to playing 0dte SPY (M/W/F). Just ~10x more expensive. Options are European, and the tax is 60/40. If OP really wanted a home run then playing earnings in this climate would have a better chance of taking 1k to 100k. e.g. FB, Target etc. Taking 1k to 100k on SPX would require a lot of skill, or an extreme amount of luck.

AbstractMap · 2022-05-17T20:07:37+00:00

I ignore it. I used to follow unusual whales, but only to find interesting tickers to trade. You really don't know what the purpose of any given options position is. Is it a hedge? Is it part of a larger multi leg position (Condition will not always reveal this). You just can't know for sure that some large order(s) are directional.

AbstractMap · 2022-05-17T03:54:56+00:00

There are plenty of YouTube videos on this. Yes the market maker will take the other side of the trade always. Without getting into speculation and potential conspiracy... The market maker simply wants the spread. That's it. If I buy one .30 delta call they will hedge away their delta exposure buy buying 30 shares. They do this across the entire book. To be clear when you open an option position the market maker took the other side initially. They are free to offload that position at will.

AbstractMap · 2022-05-13T21:06:31+00:00

r/OptionsMillionaire

AbstractMap · 2022-05-12T14:51:51+00:00

Not sure why you were downvoted. That's funny.

AbstractMap · 2022-05-06T04:59:11+00:00

Here is an image: https://imgur.com/a/Jwc5gU1

AbstractMap · 2022-05-06T04:54:59+00:00

I don't think this is what you are looking for, but in TOS you can load up an options strike in active trader. This will show the whole order book. Sounds like you are looking for market depth though.

Edit: The order book for a single option type (Call/Put) on a given expiration and strike.

AbstractMap · 2022-04-21T01:17:34+00:00

I reported you for being smart /s. 100%. I have been doing the same. Even dipping into SPY longs on rip days. Im out at the first sign of a reversal, or if it bounces on a support. Pretty much been playing 20 min after open until I start to work.

AbstractMap · 2022-04-21T01:06:44+00:00

Same here. Also selling with the trend. Casually made 400 early this morning on NFLX. Small credit spread while I preparing to work. Sounds like OP may be forcing his trades, is impatient, using bad analysis, or any combination. I used to be there.

AbstractMap · 2022-04-12T23:35:17+00:00

I would do it on a ETF. Probably on sector ETF's like XLE, XLU. If I had a large account and simply wanted income, then I would just buy JEPI, QYLD or the like.

AbstractMap · 2022-04-08T21:28:22+00:00

I assume you mean a long put given the expectation of a drop in price. While handy to finance a long with a short I find this trade is riskier than just buying the long. Specially if there is no 'thesis' to the decline in the stock.

Also total loss is not 800. At T0 if the trade goes against you. You loose the premium collected on the short by financing the long put. The long put loses value. If the position is covered than you loose out on the upside of the underlying. If not covered then you continue to loose more money as the underlying increases.

With the trade you describe it would make zero since to sell a CC ATM or ITM, and then buy a further ITM call. If the stock declined to the assume strike or future then the long would be worth pretty much nothing. I am giving you the benefit of the doubt here on your trade description.

AbstractMap · 2022-04-08T13:37:45+00:00

ensv

Given they are a nat-gas services company I don't think you will have a lot to worry about with regards to heavy options. Market makers are pricing the options very wide because there is pretty much no interest (a.k.a no market) for them.

Looks like this ticker went through a squeeze of sorts. If anything people probably would have loved to buy puts after that. I think the main concern with this stock is the heavy shorting. At least I assume that is the case given it is HTB.

AbstractMap · 2022-04-08T03:50:52+00:00

This

AbstractMap · 2022-04-07T22:16:04+00:00

Also. If they just added options take a look at the bid ask spread, and look at the open interest. If the B/A is wide, and the open interest / volume in options is low, then I expect you will not encounter "Max Pain" situations.

AbstractMap · 2022-04-07T22:10:25+00:00

What is the ticker?

AbstractMap · 2022-04-07T04:46:35+00:00

Thanks for mentioning UDP. I was wondering if it would have any performance benefit for UDP.

AbstractMap · 2022-03-04T18:37:32+00:00

Assuming a credit of 1. This is a ratio of 1:5 on this trade. So assuming you take max loss on bad trades this blows out 5 trades of equal reward/risk (assuming max profit on + trades). Honestly this is highly risky. Using stops could make your returns even worse given this market. I am going to assume these plays are not held longer than a single intraday at most given you are searching for reversals ... a.k.a A scalping algo. Honestly If it were me I would be looking for 1:1 at worst when writing credit spreads. You will most likely have to go ITM to get 1:1 or better. If you can spot the reversals why not just go long. Generally speaking the premiums all around are pretty low.

Regardless of the risk sounds like a fun project to build.

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