2σ’s Market Making Book: Hiding in Plain Sight

For us small retails, the consolidation of market making firms and this:

Let’s wrap with this: Placing an option market making operation at the center of a suite of nested, active management strategies is the state-of-the-art, cutting edge, and best practice.

spell trouble. If the market makers are also trading against us, they have tremendous builtin advantages.

We retail option traders are doomed.
 
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