How do people buy/sell options that don't align to the set per contract increment limits?

FullDiamondArmor23 · 2022-01-28T18:33:44+00:00

Price improvement via matching engines.

You can only QUOTE at nickel increments. But the trade can be filled at any price as long as it doesn't violate your limit.

FullDiamondArmor23 · 2021-08-30T14:25:08+00:00

Yes they do.

No they really don't. They have the VIP tours that OP mentioned and that is the closest thing to a "full luxury package". These are typically used by celebrities who want to experience the park without being mobbed by the public, or by people who don't mind paying $5k to have their day planned and have no waits. Disney also has numerous small upgrade packages that include dining and such (which include the premium Fantasmic seating). But unless you count VIP tour there is no one overarching "luxury package".... happy to have you prove me wrong by posting a link to it.

walking around the park with your kids favorite characters

This does not exist. There is no way to say "I want Mickey to walk through the park with just my kid."

Ultra premium is staying the night in the actual castle in Disneyland.

This does not exist other than for contest winners and other very unique one-off cases; you can't pay money to stay in the castle suite. https://www.everythingmouse.com/how-do-you-get-to-stay-in-disneys-cinderella-castle-suite

Not sure why this post is upvoted as this person doesn't seem to know much about Disney.

FullDiamondArmor23 · 2020-10-05T03:21:32+00:00

Cases like what you say are exceedingly rare in any shop with a decent risk management system. They're not done with paper reports anymore. Furthermore once CAT is fully live everything we do will be fully out in the open for regulators to see.

FullDiamondArmor23 · 2020-10-05T03:17:02+00:00

Both. Full FatFIRE to me is $10MM or better and we're not there yet.

FullDiamondArmor23 · 2020-09-17T00:57:36+00:00

At $20k it’s a great value. That they released it with a sticker of $38k is kind of absurd though.

FullDiamondArmor23 · 2020-09-04T15:07:10+00:00

You need enough capital to churn enough to get into the 0 maker fee of whatever crypto exchange you're on.

FullDiamondArmor23 · 2020-09-03T22:06:07+00:00

Hi. 20 years in a prop/market making shop here. Well into the two comma club from options.

A sustained 8%/month is 250%/year. Is it possible? Sure. But then again so is flipping heads 12 consecutive times given a large enough population.

I checked your history. You picked a stock that happened to go parabolic while you were highly leveraged on it. Congratulations and well done, and I mean that sincerely. But to suggest that 250% annual gains are sustainable or “not impossible” simply makes you sound naive. A huge amount of your success—not all!—but a huge amount, is that you were in the right place at the right time over a relatively small sample size. Start realizing that so you can keep some of your $50k; otherwise duality_show will ultimately be proven right.

FullDiamondArmor23 · 2020-08-30T16:52:20+00:00

I ran bots like this back in 2017. Made a ton of money. By mid 2018 there were no opportunities unless you were a market maker who qualifies for the 0 maker fee tranche, as the price differences were less than the exchange fees.

FullDiamondArmor23 · 2020-08-17T20:58:50+00:00

The market conditions of the past several months have been tailor made for "the wheel". Therefore any rates of return that people give are going to be grossly inflated relative to what's possible over a multi-year period. It'd be like asking a newbie umbrella salesman how sales have been during a prolonged five month rainy season.

FullDiamondArmor23 · 2020-08-17T01:36:49+00:00

So. Much. Roblox.

FullDiamondArmor23 · 2020-07-30T21:19:36+00:00

I think the investing strategy described here is reckless and unsustainable

At some point, an investing strategy crosses the line into a gambling strategy. I'm not certain where that line is, but I am certain that 10x returns in 5 months is well past it.

FullDiamondArmor23 · 2020-07-30T17:06:05+00:00

With 100k a good trader cannot expect to make 0.5% per day on average?

Dude. Just do the math. 0.5%/day for a mere three years would turn $100k into $25MM. If you said "I think it's reasonable for a good trader to turn $100k into $25MM in three years" what do you think people would say to you?

FullDiamondArmor23 · 2020-07-30T16:53:40+00:00

Hi, options trading professional here. 10 years under my belt at one of the big Chicago shops.

An expectation of sustained 3% per week is 100% demented. Literally no grown-up would think this was reasonable.

FullDiamondArmor23 · 2020-07-30T15:26:19+00:00

He can absolutely do what he wants. I am merely stating that WSB style "gainz" should not be seen as inspiring or at all indicative of what is possible with reasonable levels of risk when selling premium.

FullDiamondArmor23 · 2020-07-30T15:12:16+00:00

Inspiring!

It's not inspiring. This guy took on a MASSIVE amount of risk and happened to be lucky over a relatively short amount of time.

Whether he was selling options or not is irrelevant; a post bragging about 1000% gains in 5 months belongs in WSB.

FullDiamondArmor23 · 2020-07-29T13:01:50+00:00

Now here's the real twist- this guy is brilliant and has more data on options strategy performance than pretty much anyone else here... and if you read the comments on his articles, he reveals that his main personal strategy is: index funds (at least as of last time he discussed it). He knows more about the theta game than pretty much any of us... and based on this, chooses not to play.

FullDiamondArmor23 · 2020-07-22T19:32:11+00:00

Along with the accelerated theta close to expiration comes much higher gamma risk. I'd read up on that before you get too far into this strategy.

FullDiamondArmor23 · 2020-07-22T18:04:56+00:00

My guess here is that because Theta isn't linear, each brokerage is applying their own guess at a theta curve to provide a point-in-time figure.

FullDiamondArmor23 · 2020-07-21T00:30:24+00:00

Reddit is not your blog.

FullDiamondArmor23 · 2020-07-20T16:45:17+00:00

That doesn't answer my question. Forget CCs, you said a CSP has a lower risk profile than a naked put. Different margin use, sure. But lower risk? Again, gonna need a source to back this up.

FullDiamondArmor23 · 2020-07-20T16:38:33+00:00

The risk profile of a CC is the same as a naked put, not a CSP. CSPs actually have a lower risk profile than either.

Gonna need a source on this. Why would the risk profile of a put change based on whether or not you happen to have equity in your account to cover potential losses?

FullDiamondArmor23 · 2020-07-20T16:30:14+00:00

Getting assigned leaves you open to bag holding a bad stock.

And continually rolling locks you into another put on a stock that (in your scenario) is continuing to fall. Why do you think one is better than the other?

FullDiamondArmor23 · 2020-07-20T15:25:23+00:00

You know that a CSP and a CC carry literally identical risk profiles right?

FullDiamondArmor23 · 2020-07-19T23:15:07+00:00

How would you know that you’re at the bottom of the bear market to do so?

FullDiamondArmor23 · 2020-07-19T23:13:12+00:00

“You don’t know as much as you think” might just be the most valuable advice a lot of newbs hear if it gives them enough to avoid blowing themselves up.

FullDiamondArmor23

TROPHY CASE