Recent content by hlpsg

thanks for all the tips. They'll be helpful in my studies.

Thanks, I'll check them out.

Maybe you work for my current broker in the customer service dept. Sure sounds like them.

I'm not, that's why I'm thinking of moving. The customer service reps can't give a direct answer most of the time.

I'm not looking for a holy grail. I'm just looking for an intelligent way to minimize the chances of being whipsawed to death. I mean, there has to be a stupid way to do this, and a smart way. I'm asking advice on how to do it the smart way. For e.g. I might choose to place a stop order a few...

I'm looking to transfer my stock investment acct (not for trading) to another broker. My current broker charges $7 per trade. I usually need to rebalance the portfolio once a year, so with 10 funds, that's $70. I'm hoping to cut this down if I can. Does anyone know of a decent broker with...

I'm working on a breakout system, and need some advice from experienced traders on stop order placement. The main problem I'm trying to solve now is to avoid getting whipsawed as far as I can. By getting whipsawed, I mean my stop order gets triggered, I go long/short (to open) X number of...

Yes, but I don't understand why this is? Unless you could somehow replace the 1150 put synthetically with the 1140 put when demand for the 1150 is increasing, what would be the purpose of upping the IV of the 1140? I'm not doubting that what you're saying is true, because I think it is...

These kinks happen quite often in /ES options. Just watch the skew curve for the front months for a few minutes and you'd probably be able to see them. How are the strikes fungible? Would love to hear how its done if you don't mind sharing. Thanks.

Thanks for the tip.

Thank you very much for the insight. This has definitely helped me to understand things from a MM's point of view.

(2) is done with the underlying I suppose? Do option market makers face typical short restrictions like the uptick rule and also the T+3 rule? For (5), I assume you're either buying sufficient ATM calls or puts and then doing (2) again when you're filled, is this correct? Thanks.

Yes I understand. However, I do not want to close out a position just because of temporary imbalances at certain strikes. I'm not trading very big, and yet these imbalances in the vol skew can typicallycan have an $800 - $1000 effect in my P/L. Great idea, yes I agree this is where I...