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Hedgefunds are noobs? ...oh, I forgot I was on elitetrader for a second, where everyone and his dog easily returns 300% or more per year. They should make an Elite Trader ETF that invests every call of the Elite Traders to the market, I'm sure it would be very successful. Well, that was my...

Well, he said he wanted monthly income, not growth. Besides, my point is that these figures are meaningless, because your equity line with his suggested strategy (short vol) will never be so straight that you have "3% per month", or "0.1% per day" or "= 0.0042%" per hour or however you want to...

3% (3K/100K) per month is 36% per year. More than what even the top hedgefunds make. And if you do short vol, you sure as hell won't capture 3% "per month". More like 3% averaged over 1000000 samples with occasional drawdowns in the 30-40 % range...your equity curve will never be a straight...

Contango in VIX futures getting deeper. Good time to be short vol imo.

Another crash to the upside And SPY is only up 6% or so for the year. So it still has a lot of catching up to do to reach the average of around 12% within EOY. With Yellen, macroeconomic numbers looking alright, and no problems on the horizon...I'd say it has nowhere to go but up. Tempted to...

So what you're saying is we should all sell options when large block trades of buying happens?

Hope everyone bought the dip. Time for a new high soon IMO

Those who bought the options could've been doing any number of strategies. It's not certain they lost money, and it's not certain the sellers made money. "Tape-reading" is pretty much pointless for this exact reason. Hell I have 100s of options on and IDGAF what the UL on any of them does...

Just another dip, and another chance to get in long at a discount.

Why not sell a put instead of messing with covered calls? Same payoff.

I know their customer service is clueless on options methodology. And they have calculations error in their greek / IV figures. Have no idea why people like TOS so much. I'll stick with IB for the time being, only true professionals around IMO.

If only I had a nickle for every time I heard that since 2009. :D Would be more profitable than being long the market, even:cool:

Probably true. I dont daytrade, but I'm sure there have been plenty of intraday pullbacks that one can exploit. But despite this, I gotta say, anyone making money shorting in this market is a God in my opinion, daytrader or not, that takes a lot of courage and skills to accomplish. I know Ammo...

Profits are rolling in I know it probably wont last but damn this feels good:D

Jesus, this market is crazy. Straight upwards with barely any pullbacks since late may Would hate being short into this...

This mkt is heading for 200 on SPY

Todays crash will make 1929 look like a piece of cake

Smile reflects general market sentiment, not really MM sentiment. MMs aren't almighty beings whom structure smile as they see fit. Im surprised they even make money considering how tight the spreads are in some instruments

Please point to some spesific examples of the activity you're referring to. Else it's just another conspiracy.

LOL good luck :cool: