Being both long and short at same time

[Option_Attack]

Yep, I did no better than b/e when I tried it (16 years ago!)

The problem with any long or short straddle scalping strategy is that you are saying the market has mispriced ATM VOL. That certainly happens over a short period of time, but you need a process to predict future actual VOL. If futures price movements do not materially exceed (for long straddle) the VOL you bought, fees and decay will bleed you.

 

[qlai]

Yep, I did no better than b/e when I tried it (16 years ago!)

Indeed this thread is going in multiple directions at once. I thought the point is to scalp enough to have a free lotto ticket long gamma position. Sorry, Des.

 

[qlai]

Below are images of the same order algo running during same time in different directions.

But what is the advantage of running in different accounts? Why can't it be run in a single account? Does he need it for spoofing?

 

[They]

I run two versions of SierraCharts into two different accounts when I do this. For me, its just easier to review the statements at the end of the day.

 

[qlai]

I run two versions of SierraCharts into two different accounts when I do this.

Just to clarify, when I said spoofing, I meant the guy in the video.

 

[destriero]

Just to clarify, when I said spoofing, I meant the guy in the video.

You don’t know what spoofing entails.

 

[qlai]

You don’t know what spoofing entails.

Put large Offers in one account, bid in another account, withdraw offers once bids are filled? Brokers have algos to detect it provided you do it on same account. What don't I know?

 

[Mr. TNA]

Long and Short at the same time worked out well for Hillary, and her friend at Tyson!

 

[Sig]

Long and Short at the same time worked out well for Hillary, and her friend at Tyson!

Troll says what?

 

[sle]

Troll says what?

In fairness, her trading track record is a bit improbable, don't you think?