Do "They" come after big positions?

W

wxytrader

I sold an IWM iron condor with the short strikes at 190/184 while it was trading at 187 and then the price kerplunked. I let the long put run for a profit which helped ease some of the pain, but wth? This was almost 3 SD out and it got touched. Do larger positions get the attention of hedge funds or market makers and they basically go head hunting?

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That must be the tiniest chart.
quite stingy actually.

I heard no kerplunk.
But it did kerplunked in Jan 2022.

For months, it has been moving in the range ~165 to ~200.
It will do so until the chart says otherwise.
 
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maxinger said:
That must be the tiniest chart.
quite stingy actually.

I heard no kerplunk.

It has been moving in the range ~165 to ~200.
It will do so until the chart says otherwise.
More...

Must be just a coincidence but I'm not convinced.
 
wxytrader said:
I sold an IWM iron condor with the short strikes at 190/184 while it was trading at 187 and then the price kerplunked. I let the long put run for a profit which helped ease some of the pain, but wth? This was almost 3 SD out and it got touched. Do larger positions get the attention of hedge funds or market makers and they basically go head hunting?

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IWM traded 37M shares today lol. Trust me, I don't care how large your condor was, no one was out to get you.

Now... moving on here... The 3 standard deviations.
By any chance did you happen to have a TV on today? Or, and I'm not trying to be a smart-ass here... whenever you set this trade up did you perhaps meager a glance at the scheduled economic events encompassed in your timeline?

3SD may apply to the the run of mill trading days... but I'd go back and see if that SD applies to the 8 unique days of the year that the FOMC concludes its meetings and releases its findings/rate decisions.

Just a thought.
 
wxytrader said:
I sold an IWM iron condor with the short strikes at 190/184 while it was trading at 187 and then the price kerplunked. I let the long put run for a profit which helped ease some of the pain, but wth? This was almost 3 SD out and it got touched. Do larger positions get the attention of hedge funds or market makers and they basically go head hunting?

View attachment 317124
More...
So let’s get the facts straight.

1) You had such massive size that you were worried you got targeted by predatory algos

2) But you didn’t even know there was a Fed announcement at 2pm

Excuse me while I LMFAOOOOOOOOO
 
It would be like this:

"My family and I moved to America 12 months ago. We wanted to live in a rural environment so our home is 70 miles away from the largest city."

"For the last 11 months, on the last Friday of each month we hire a babysitter, make lists, take all the money we saved that month... and we drive to the city to shop at Walmart."

"But today it was closed! I am very upset! We planned this.... and it was all for not! How can this happen to us?!"

>Because Christmas fell on a Friday this year.
 
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