Recent content by vol_trader

"Mediocre accuracy" In terms of what? I better be accurate in: making markets, understanding current liquidity, visualizing skew movement, interpreting order flow, etc.

Spx is the most liquid product you will ever trade.

Thanks genius. I must be mistaken, tracking/plotting 25d risk reversals is a surefire way to make money. Everyone can go home how!!

What do you plan on doing with all this information?

In my experience as a professional market maker, I would be extremely confident in assuming 90%> of market making firms are net short vega. If options selling was not profitable firms/traders/myself would cease to exist and liquidity would vanish leaving all of you the inability to purchase...

The scanners you built/bought are like a snail trying to race a cheetah compared to you competing with Citadel/Optiver/Akuna to find arbitrage opportunities. If you don't think option selling is a profitable strategy than you chose the correct username.

Yes, but the cardinal rule is hedging; either in the underlying or against other options. Do not look at the amateur idiot's at optionsellers and convince yourself that shorting premium is not practical.

February 5th and October 10th.