Anyone still successfully trading NYSE Opening Orders?

[SunTrader]

Hello SunTrader

Not many of us remaining from back-in-the-day NYSE in 1/8ths and then 16'ths was a whole lot easier than these futures jumping all over the place.

Nowadays I much prefer futures myself but it was a fun time back then for sure. Slinging multiple 1000's of shares of AOL long/short (when it was in the $50's-80's range) and other big board names.

Also I dealt with Bob Bright and his former partner Eddie Franco rather than Don.

 

[greg500]

Nowadays I much prefer futures myself but it was a fun time back then for sure. Slinging multiple 1000's of shares of AOL long/short (when it was in the $50's-80's range) and other big board names.

Also I dealt with Bob Bright and his former partner Eddie Franco rather than Don.

Yes, I think some guys were doing a GE / AOL pairs trade.... "Slinging" is a great name for what we did.

Best Regards,

Greg

 

[Arnie]

It was GE/HON merger. They traded that back and forth
Don said they had a wake when that fell through.

 

[SunTrader]

Straight up, no pairs.

AOL, XOM, GE, T etc.

Slinging is just NY slang I use.

"Bulletts" a type of option play, were used to allow you to go short without an uptick. Don't think you can do that anymore ??

 

[777]

https://www.elitetrader.com/et/threads/dons-openings-journal.3334/

Thank you, but I think that thread was from around 2002 and I am looking for newer information.

 

[777]

forget it...i have been trading (automated on a market neutral basis) morning auction orders...moore than 80 orders per day....i made it work very well up to last 2-3 years...the issue is difficulty of execution even if you wait the last half second to send your orders, there is now hfts, which front run you of one tick even if you are very agressive. and as they are faster, you miss your best open orders! i mean you miss the best 3-4 stocks in your basket which will make the pnl of the day....

but its still profitable on back test...

I see you know your stuff and have other posts that relate to trading the open which I will study more, and I put you on Follow.

Anything else you would like to share about trading near the open (or any topic) would be especially appreciated.

Thank you for the savvy reply.

 

[greg500]

Straight up, no pairs.

AOL, XOM, GE, T etc.

Slinging is just NY slang I use.

"Bulletts" a type of option play, were used to allow you to go short without an uptick. Don't think you can do that anymore ??

Yes, married puts... Expired worthless at the end of day... $10 per 1000 shares..

 

[SunTrader]

Yes, married puts... Expired worthless at the end of day... $10 per 1000 shares..

Yup.