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  1. ETJ

    Do you leg into your spreads?

    You are crazy. Not for taking the profit when it works, but rather for being unhedged with a short - what if the underlying has a big move before you establish the long - and now it's ten or twenty points against you? Of course, it's a very rare event, but yes you are crazy.
  2. ETJ

    hedging stock with index options

    100% of the time.
  3. ETJ

    hedging stock with index options

    It's a very difficult position to hedge unless your stock holds a significant weight of the ETF and past correlation holds. You are basically laying out a situation where hedging simply may be ineffective. We trade a similar position in our shop and we've tested various hedging instrument with...
  4. ETJ

    Any good trading conferences outside the US?

    Sort of a truncated answer, but tons. Pretty much every money center. Everything from individual investor conferences to quantitative conferences. The annual Options Industry conference is going on in Miami now. Really depends on your budget and what market(s) you want to reach. London...
  5. ETJ

    Selling a Put, the opposite end of this trade

    Is the question your asking as to the mindset of the other side of the trade. The trade is rarely a customer cross and your contra party is most likely to be a market maker who has an appetite to trade and will most likely add the position to their inventory. They then macro hedge their book...
  6. ETJ

    Option spread data

    Trade Alert is presenting this at the Industry Conference in Miami
  7. ETJ

    Say Goodbye to the Order Protection Rule?

    Say Goodbye to the Order Protection Rule? Traders Magazine Online News, April 30, 2019 John D'Antona Jr. Are you down with OPR? OPR – the Order Protection Rule – has been depending on one’s point-of-view either a good thing when trading or not. For the institutional buy-side and brokers...
  8. ETJ

    Larger size possibly increase win rate?

    You pose an often repeated question. More size - more slippage and possibly more information value depending on the product. If your trade generates a "show" it generates institutional thought. So the answer is it all depends and a lot will be the product. If I go from 5 to 10 in the SPX no...
  9. ETJ

    Why Use Options Overlays On ETFs?

    https://www.etf.com/sections/features-and-news/why-use-options-overlays-etfs?nopaging=1
  10. ETJ

    Option Assignment Threshold

    US Securities options the auto exercise is .01. Probability does change at .02 or deeper as it's done automatically. There can be some unusual circumstances, but they are so rare I wouldn't worry.
  11. ETJ

    Update on circuit breakers

    A couple of weeks old, but it looks like it's here to stay in the near term.
  12. ETJ

    Susquehanna and the Option Gods: Hiding in Plain Sight

    Susquehanna and the Option Gods: Hiding in Plain Sight View Larger Image “The problems are solved, not by giving new information, but by arranging what we have known since long.” – Ludwig Wittgenstein Who are the buy-side’s smartest and most powerful players today? Alphacution is working...
  13. ETJ

    Shaving Milliseconds Off Currency Trades Could Make Singapore Billions

    https://www.bloomberg.com/news/articles/2019-04-24/singapore-takes-split-second-chance-to-be-fx-hub-for-asia-s-rich
  14. ETJ

    Option exchange/share trends

    Feb just came out. I'll post March when they send it.
  15. ETJ

    Option exchange/share trends

    From Tabb - Feb #s
  16. ETJ

    Kim Klaiman's Steady Options

    Didn't say it was you - too much of it on the site. Go back and read the thread in its entirety. Things get toxic too quick.
  17. ETJ

    Kim Klaiman's Steady Options

    Then why continually assault them and drive them off. Which has become the prevailing tone of the board. There are plenty of other civil boards to exchange ideas on.
  18. ETJ

    Kim Klaiman's Steady Options

    "I'm not sure why you think a backtesting service for options is the same as a mentoring program. Ophir offers an excellent service that I would be happy to pay for if I were still trading." What do we gain by driving people off - you as a sponsor would want as many fresh faces and not all the...
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