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option markets work in silos, like currency markets, which make them very risky and prone to "arbitrage"

options is mostly used for risk management, which means you hold them until they expire you rely on "idiots" to create temporary liquidity when you need it, that's all. It's not your main strategy, just an hedge against other risk exposure you currently have in your portfolio

then you don't have an exit plan to get out it things go wrong that was my whole point, without liquidity, you have no backup plan

I am assuming you are a regulator yourself to make such calls :)

you are relying on a counterparty to make those trade calls, once they go away for whatever reasons, you will be left with all your options and no buyer or seller. To make things in perspective for you, think Subprime mortgage when the PSA model hit 0% and everyone got out of the market :)

GME at $400, I mean WTF???? GME is not fooking APPL

well, you will see, when you try to sell your positions. Let's see what kind of prices or market will meet your ask :p options is like walking on quick sand, you never know what's next, too many pockets of air :p

Pit traders have never been too bright, their job is to run and execute, not think :)

there is an SEC exception for publishing investment advice, with the right disclosure. If SA didn't put in place those disclosure, they could be sued, and so would the authors. The case here with the TikTok and Redit traders is that they raiding trading venues with their recommendations, with...

absolutely, those chat rooms are basically the new boiler rooms of unregistered "dodgy" investment advisors if you are giving out investment advice on a massive scale without being registered, sans a compliance manual for giving investment advice, you are basically in shit territory with the...

trading on ES before the opening is always a risky proposition, but this is where the money is IMO

look at the bid/ask volume on options, even for blue chips and big names, those numbers jump left and right every ms, with lots for several thousands shares disappearing in a matter of microsecond, all tested with what we call "ping" to "test" the demand and supply curve for those options...

Robinhood traders are small traders, and fools. Hardly a big loss. The faster they go bankrupt or get played out, the better :)

all talk, no actions, those guys have no case for a law suit, they should be in jail instead for encouraging unregulated stock tips on a public media with significant exposure

making stocks calls on a massive scale, like those TikTok and Redit traders are doing, are basically Wolf of Wallst equivalents of penny stocks promoters and unregistered investment advisors, they are going to get into trouble with state regulators and possibly the SEC

if he didn't sell yet, he is definitely a fool though selling his options might be tricky, no volume for all of them, so it has to wait until they expire, and a lot of things can happen until the expiration date

rofl

how long before he loses it all on his next "bet"? he actually got a CFA, I guess he forgot the chapter about price manipulation in the CFA curriculum :)

I published on this forum a tutorial for IB API programming in Python, very easy to implement the main issue is the data source and how to prepare the data feed for your calculations

Found this: http://eoddata.com/