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Really not mentioned at all.

Thanks for info, didn't know it was so profitable. "100% of orders undirected". What ! People trading off their phone aren't routing their orders ! LOL

Amazing that with all the bs about transparancy, etc a business model can run off behind the scene order flow. Guess there is nothing wrong with it as long as it is fully disclosed.

@sle....totally understand the lending model (huge push at the wire houses) but is payment for flow enough to sustain an on going brokerage with all the current regulatory costs, etc ? Thanks

Millennials with 5k trading off their phone. Now let them borrow 50% w/ leverage....ending badly may turn out to be a major understatement.

At close Held EWZ long puts, bought atm calls GDX expiry 6/2

Did not say short it. Said not to be long it. Big diff. Go back and look at your data, tell me when a cross below 200 was the time to be a short term bull

Almost went long calls on GDX but it closed below my level...still long puts on EWZ, unfortunately stop approaching.

Closed below the 200 day MA, certainly would not want to be long here.

But those funds are using something in conjunction with theta. There are threads on ET were it has been illustrated by those wiser than me that there is "no edge". It is a factor and must be respected but it is not an edge. If theta is the only factor you are counting on it won't work. That is...

There is no edge in selling prem. Theta is just one of the factors. Just like gamma is not an edge in buying premium. If you want to focus on one Greek, get the direction of delta right and you will be set. Easier said than done though.

You realize your 238 is ITM, right ?

My two cents on TT....if you are new to trading their videos, etc are ok in teaching the MECHANICS of spreads, etc. What gets totally glossed over are the nuances and in depth knowledge to actually do it profitably with real world risk management. Not to mention the difficulty selling prem in...

Small size...usually 10 contracts. So the Ewz long put about $ 1,100. If target hit (38.5) opt should be about 1.6. Or 50 percent profit. (Changes in volitility not considered). Will hope to be quick on the stop. I sometimes exit positions intra day, never on open but sometimes mid day

Also...I use EOD to try to eliminate the noise, but I do enter trade around 3:45pm if I think criteria will be met.

Ok, I'll play. Background...I use 50+ delta long calls or puts to swing trade only the etf's with the most liquid options only. Enter trades near close of day. Ex. I've been long puts on gold 3 different trades successfully, but stopped out at loss with the trump- comey dust up. May 12...

Anyone have any insight as to why , with the ten year moving up through + 2.5 % , the XLU been showing such strength lately ? Thx

Well if you already know or think you know, that you have a positive expectancy on the direction of the UL (which is not easy to do over a large sample) and the options are just to add leverage you should have no problem. look forward to reading your posts.

expectancy=(prob of win x ave win) - (prob of loss X ave loss). This needs to be positive no matter what instrument you are trading. The super wide bid/ask spread is just a contributing factor hurting your chances.