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So, I took a look at your website. This software is complete junk. Any retail brokerage will give you far better analytics for free. Please stop clogging up the forums with your SPAM! Caveat emptor!

The longer the race, the wider the time gap between the fastest networks, and everyone else. If you want to be the fastest you have to write to an exchange directly. In your case, you want to write to the CME Globex API. Collect the data in a server at the Chicago Equinex center (or talk to...

By "delta neutral" I am suggesting to buy calls AND sell stock to cover the deltas. A little tip, if you are using BS deltas, you may want to underhedge your call delta by a bit. This is due to the fact that the vol does tend to come in as stock goes up while vol goes up as stock drops. Thus...

I am familiar with Pete Steidlmeyer. He was a trading revolutionary, and is a very unique person. I would like to see how you use the market profile to estimate vol path. There might be something to that...

This is a good question, and I didn't fully explain myself. As the market moves higher, and vol collapses, typically the vol suface will show more skewness. That means that the ratio of implied vols of the downside compared to the upside will increase. At least some of this is pure supply and...

Nope. You won't. When SKF went to $250, and the carry rate went seriously negative, it was not a shortable stock. Your broker would literally auto-liquidate your short position even if you have cash to cover the losses, and not allow you to trade into the short side of that product. It...

I know you think you have found the holy grail, but you are playing with fire. Try doing this strategy in a trending market. Not only will you lose your shirt, but these etf's will most likely go reg show, forcing you to cover at any price your broker can get, right when all liquidity leaves...

Leveraged and inverse ETF's lose money over time in an oscilating market. Google "leveraged etf decay" and you will find a few articles on it. There has also been many discussions on this board about it. I would add though, that the wing risk of these etf's in a trending market is magnified...

You have a great gut feel for the markets. I was just discussing yesterday with a colleague that the next options modeling frontier is the vol path. There was a while in the early 80's when basic vol wasn't understood. Then people lacked a framework for delta neutral trading, then skew...

I laughed when I saw this. Most great programmers are the types that think they know everything, even thr trading side of the business. The guys that do my programming are pure geniuses and often try to take the strategies in directions that they feel is best, typically with disasterous results...

Structural. The e-mini future makes/loses $50 per point, whereas the big future makes/loses $250 per contract/point. Since one option contract exercises into 1 future contract in both places, the e-mini multiplier is 50, while the CME big-spu option multiplier is 250. The CBOE SPX cash index...

If you want to see what types of moves equate into an early exercise, google: OEX pro rata. There will be a link to a daily file that the CBOE puts out around 6pm each night. The file will tell you the options and % exercised. Go through past files and check out the options exercised. You will...

I can't tell from your post what the confusion might be. Though, the 490 calls with cash closing at 500 are 10 points ITM, not OTM. This means that the owners of the 490 calls may cash in that $10 at any time before 3:20. Typically they wouldn't this, since the 490 call premium would have vol...

The ES options expire into the nearest term quarterly e-mini futures contract. That means that the August options will expire into the Sep futures contract, and the Sep options will expire into cash effectively, as the Sep future turns into cash at the same time the Sep options expire into Sep...

The CME e-mini options are indeed a great choice. They trade electronically, and have better screen markets than the open-outcry SPX options at the CBOE. Interestingly enough, the big CME spx options are completely open outcry to the point where you can barely find a decent market disseminated...

Gamma is the rate of change in the delta of an option, or position of options. The easiest example of a gamma play is a straddle. Let's say you pay $5 for a 500 strike weekly straddle. If the product drops to $495 you become short delats, meaning you will make money as the underlying continues...

The CBOE and the SPX market makers are keeping the SPX from joining the modern age. There is no DPM for the SPX. The SPX is also the only non-hybrid pit left at the CBOE, and thus there are no E-dpm's. Nor is there any pure electronic trading. A customer may post an order through an...

Sure that sounds nice, but how? Do you really want Nanci Pelosi and Frank Dodd controlling the money supply? It's not a question of right and wrong. It's a question of what are the best choices, given the situation. Personally, I'd go with Milton Friedman's suggestion to have a computer...

I agree with you. This is why I often state that HFT has become a catch all phrase and that we need to distinguish the specific problems with our market structure from everything else that is considered HFT. I was simply rewording your statement, which included the word HFT. I could have left...

This is a fantastic summary of exactly what is wrong with our current regulatory structure. Though... This statement is somewhat misleading. Yes, the brokerage companies are screwing over their customers, but they are doing it by 1) siphoning off internalized trading profits and valuable...