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I hope you get the answer from the guy himself, but my understanding of below is that it's not based on option chart but on what his model determines to be intra-day over-reaction in the opposite direction of the established trend. Did you read his original thread where he described the system...

I was following articles in their site (stocks, futures, options) and they, at least at the time for me, seemed to have very good quality content. So I decided to attend one of their open houses at NYC location. I was disappointed - same snake oil pitch you hear everywhere : retail traders...

Interesting, if I remember correctly from his book, his win rate is low. Your win rate is high because you also sell options premium?

Actually, it make lots of sense, imho.

Oh sorry, I didn't understand that owning meant being long. Thanks for reply!

In your long professional career, below never happened or it did but you have been able to manage it? If you didn't get caught, was it luck or skill or both?

What time frame?

You said you have quit options didn't you? I don't care either way, but what gives?

I would agree with you if that activity would be used as a signal to initiate a trade. However, to me, it would be a signal to start watching for other clues which may or may not lead to a trade.

Just to be clear, not arguing but asking. Why do you assume one needs to jump on it? You simply notice something unusual is happening. As most seem to agree, it's not easy to figure out the intention based on this activity, but I think we can agree that something is "in play." For example...

Yes, but we're talking in context of a lottery trade already. So is it better than throwing darts at pre-selected list? In other words, does unusual activity have any significance?

With what spread width?

What do you think about about watching for unusual options activity instead(in addition to the other points you made)? Should be better than random, no? Like in below post https://www.elitetrader.com/et/threads/unusual-activity.335928/

Simple as a regular stop? If price moves 15 pips against you, you simply lost 15 pips. That's not a hedge from being too early, unless I've misunderstood something.

Hedge how?

Volpri?

Where does he trade live?

I'm curious to understand why it's so important? So they put a trailing stop loss on your unrealized pnl, why is it so bad? I think the point of these things is to prove consistency (both pnls should be close - up or down). The only way this can hurt you is if you caught a big spike with large...

@Sig, on somewhat related topic, since you are in tech industry, would you even care where your employees are physically located? Let's say one of your A employees wants to move to Florida or wherever.

"The largest single trade was the 1260lot sweep buyer" I don't understand how one can sweep options markets when MMs are running fastest software and their main risk is informed traders? The symbol doesn't sound like it would have very liquid options. Also, I was under impression that if a...