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He describes performance in the podcast. It’s awful.

They/He built automated trading and back testing platform that can connect to any broker. With options, it is not an easy task. “In contrast, Option Alpha's no-code platform significantly shortens the on-ramp to automation by using natural language decision recipes. So, you can easily test and...

I think the platform he built is pretty cool. I think is following Sosnoff lead, which is smart.

I think it’s a good listen for people starting out. Personally, I think it’s a commercial for their platform and a good example of a strategy that has no edge. Episode #225 https://podcasts.apple.com/us/podcast/the-option-alpha-podcast/id932492307

Are you using Level2 for trading underlying?

Yeah, I hope you don’t get your clients in a hot mess with this, especially the profitable ones ;)

What did you expect, detailed description of their trade set ups?

I am talking about stocks, but for Futures- liquidity, availability of personnel, other markets for hedging, etc.

Why would they allow losing traders overnight exposure? They can’t easily control the risks. Traders that had been with them for a while can do that. Are you talking about Prop firms or the Funding Test firms like TopStep?

Prop firms are well capitalized. Some allow swing/position trading for proven traders. IMO, the main reason is that with day trading it’s very easy to separate luck from skill/edge. With other types it is very difficult.

Yes on data fees, No on commissions. Edit: for US equities.

Lots of videos hosted by Jigsaw and Bookmap, all you need as far as theory is concerned.

So you are saying that you will sometimes take a loss on your short call just to keep the shares?

Definitely! Actually, that’s what attracted me to trading. I was reading my first trading book, I randomly picked up in the library, and it talked about open-mindedness, patience, acceptance. I was like - so you are telling me I can make money while making myself a better person?! Sign me up!

So why do you even watch it if there’s no decision needed to be made? Bordom?

That’s exactly what traders/educators that run chat rooms are doing. Why not.

But this strategy looks at the term skew, not just current IV rank. Are you saying your strategy was taking skew into account as well?

I think you skipped the whole thing, lol. Very interesting. I kind of agree, Fed is causing unprecedented shocks to the system and will most likely back off.

I agree, such glitches should not last very long, which means you are unlikely to capture them manually. I guess except something very thinly traded. @stewbacca , what speed is needed to take advantage of open/close auctions, for example?

I like the simplicity of it. You are basically shorting high IV and buying low IV, as predicted by the market itself. I am guessing they would be opening short straddle into every earnings release. @Matt_ORATS would it be relatively easy to run this back test and compare results to what they...