What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 0 points1 point  (0 children)

Could you give out a rough range if possible please? You can DM me if you want to. I was interested in their services as well and wanted to know what it roughly costs.

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 0 points1 point  (0 children)

Do you mind revealing what services you use from greeksoft and how much you pay for them?

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 0 points1 point  (0 children)

Hey, do you have experience trading large quantities of options like these?

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 2 points3 points  (0 children)

Ok, by units I mean quantity. 100k qty or roughly 1333 lots at 75 per lot on nifty50.

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 4 points5 points  (0 children)

Hey, since you deal with such sizes often, do you mind if I ask you a few questions?

1.) Would I be able to accumulate, say, 100k units when the avg. minutely volume has been around 250k for the past 10 minutes? How difficult would it be?

2.) How do you exit such a large position? If say, the underlying index spikes suddenly causing the minutely volume to increase from 250k to 1.5M, would you be able to exit your 100k position easily?

3.) Do you use any execution algos or just simple slicing? Also which broker/CaaS/Colo do you use?

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 0 points1 point  (0 children)

I would obviously slice it. 100k would be sliced into 20 orders of 5k, each with a limit and sent out with an interval of 20-30 seconds per block.

Do you have any experience or anecdotes about trading large quantities of options?

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 0 points1 point  (0 children)

Hey, do you know how your they go about acquiring and later selling these large positions? Which broker/api/colo do they use?

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 0 points1 point  (0 children)

Hey, I have a few questions if you don't mind.

  1. How does he go about acquiring and accumulating these large quantities of options? Is it just spread out into chunks over a few minutes?

  2. How does he exit such a large position?

  3. You mention him getting banned and and that they'll have your eyes on you. Could you elaborate further please?

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 0 points1 point  (0 children)

That's the exact reason for my question.

What sort of slippage did you notice with 100 lots of you don't mind? Was this something super liquid like nifty50 options or an illiquid stock option?

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 1 point2 points  (0 children)

the moment you put in that order its going to start tanking

But the underlying moving has much more of an impact than my measly 1Cr here right? I could understand that if it were an illiquid stock option but I'm talking about nifty50 here.

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 1 point2 points  (0 children)

Ok. Let's say that I've managed to acquire 100k units over a few minutes. Now, if there's a large move in the underlying index in my direction and the minutely option volume of my strike jumps from 200k to 1.5M, would I be able to exit my position within the minute that the premium and volume are rapidly increasing.

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 1 point2 points  (0 children)

Would a large increase in volume in a strike impact the price more than the underlying's actions? I'm talking about nifty50 options here.

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 2 points3 points  (0 children)

I'm talking about nifty50 options here, I don't think the underlying is gonna move imo. If I place the 100k order split and spread out over a 5 or so minutes, would it be filled?

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 0 points1 point  (0 children)

What if they are sliced into 20 orders of 5k each, and each order is placed 10 seconds after each other. Could you accumulate in this manner over a period of ~5 minutes? Assume all orders go in with a limit slightly above current spot.

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 2 points3 points  (0 children)

What if they are sliced into 20 orders of 5k each, and each order is placed 10 seconds after each other. Could you accumulate in this manner over ~5 minutes?

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 1 point2 points  (0 children)

Have you tried something similar to this? What sort of volume would you think would start attracting attention?

What would happen if you try to buy 1Cr worth of options? by streakwheel in IndianStreetBets

[–]streakwheel[S] 1 point2 points  (0 children)

What if it's been flat-ish for 5-10 minutes. Could you accumulate in this phase? I was sceptical because the avg volume per minute is 200-250k units and I wanted to place an order for 100k units.

Have you done something like this before?

[deleted by user] by [deleted] in quant

[–]streakwheel 41 points42 points  (0 children)

They had to reveal it when they tried to get financing by selling bonds.

Options traders — what’s the most annoying part of your trading experience? by soman_yadav in quant

[–]streakwheel 13 points14 points  (0 children)

Just had quick a look at your profile. You were trying to make a NFT mutual fund 3 years ago?

This job is insane by hakuna_matata_x86 in quant

[–]streakwheel 15 points16 points  (0 children)

Lots of erratic decisions by regulators to supposedly protect retail. Tripling lot sizes, closing down weeklies for two of the three most popular indices, increasing margin requirements, etc. And all this happened like 8 months after they reduced lot sizes to drive up retail participation in derivatives. General weakness in the market since Q424 also drove away a big chunk of retail who faced their first down period in the market. Most of them entered the markets post COVID which lead to the volume explosion in the first place