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  1. Robert Morse

    How do institutions buy/sell large amounts of options?

    You can't access market makers as a customer. You can only work an order looking for liquidity electronically.
  2. Robert Morse

    How do institutions buy/sell large amounts of options?

    Not sure what to respond to. If you trader QQQ or SPY front three expiration and the options is not close to 100 delta, I have seen brokers selling that the offer is 25,000+ options to get an institution to take it as they can play without moving markets. Size has more effect with liquid stocks...
  3. Robert Morse

    For speculative trading, are there any real advantages to trading ETF's vs ETF options?

    Options provide more leverage if you want it. Bob
  4. Robert Morse

    How do institutions buy/sell large amounts of options?

    We answer the phone and respond to emails. For my clients, I’m their advocate.
  5. Robert Morse

    How do institutions buy/sell large amounts of options?

    Except “Morris”, thank you.
  6. Robert Morse

    What trading software can automatically move up a stop limit order with the rise in the stock?

    The will both if it is 100% of a Long position. It will not to cover a short position or anytime you are liquidating part of a long position.
  7. Robert Morse

    Accounting Question

    What company? I can think of ways they can generate ad revenues from other companies in their restaurant or on their Web pages. An example might beer, wine and liquor. They can promote a brand.
  8. Robert Morse

    How do institutions buy/sell large amounts of options?

    Then maybe he can explain the name "Lime" to me.
  9. Robert Morse

    What trading software can automatically move up a stop limit order with the rise in the stock?

    For those of you that read my post on LS Trader and aggregate orders, I was asked to take it down. An aggregate order is designed to route to multiple routes at once and control what those routes are. It works well that way and has been well tested. Entering an aggregate order with multiple hot...
  10. Robert Morse

    How do institutions buy/sell large amounts of options?

    truetype, I'm not familiar with Mark Gorton. I did a FINRA Broker Check and it looks like he left Lime in 2011. I think that was around or just before when Wedbush bought Lime. https://brokercheck.finra.org/individual/summary/2394542 Bob
  11. Robert Morse

    How do institutions buy/sell large amounts of options?

    An institution would likely use their broker's trading desk or a third party trading desk like BTIG. Those desks have access to a small list of large MM, a larger list of smaller MM and a group of hedge funds that focus on providing liquidity. They communicate over the phone and through a...
  12. Robert Morse

    What trading software can automatically move up a stop limit order with the rise in the stock?

    Sterling only has OCO I have no ETA on conditional order on LST RT Express has conditional orders Order modify for the sell order. -Our system will protect you from sell long when you need to sell short. If you are long 1000 shares. Enter a limit above the market, sell stop or trailing stop for...
  13. Robert Morse

    i have one question for the options theoreticians here at et about the value of options.

    Not trading, but up around 4:30am ET everyday. I’m an earlybird.
  14. Robert Morse

    i have one question for the options theoreticians here at et about the value of options.

    LVX-https://www.lightspeed.com/trading-platforms/livevol-x/ Please send me an email to discuss. Right now only available with accounts at IB but soon at Wedbush. And, please call me Bob.
  15. Robert Morse

    i have one question for the options theoreticians here at et about the value of options.

    That was a very long question. The short answer is that option pricing is based on uncertainty. As earnings are coming up option premiums tend to stay high but after the news there is less uncertainty and option premiums collapse. Even with earnings scheduled after the Close or the...
  16. Robert Morse

    probability of in the money question

    This is true over a short term. It will not help over a longer time period as time decay will also lower the delta over time if that strike is still OTM.
  17. Robert Morse

    probability of in the money question

    As a general rule of thumb, look at the delta. If at 100, the put delta is .15, the probability is around 15%. If the stock then drops to 95 and the delta is now .25, the probability is now around 25%. I like to keep these references simple.
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