Do "They" come after big positions?

[vanzandt]

how dare it break 3 std - i will call a meeting and get to the bottom of this for you.

 

[wxytrader]

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.

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

The fed announcement was a big nothing burger. Typically I ignore all news/noise because it correlates with the EW. I was allowing for a move, thus the wider OTM strikes, but usually it will gap up or down AH not intraday. Anyway, just cutting my teeth on 0DTEs so need to make some adjustments to reduce risk in the future. Lesson learned trying to pull a trade on my phone while running errands.

 

[earth_imperator]

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.

Can you give some numbers (IV or HV, spots etc.) to verify the "almost 3SD" ?
Do you mean 3SD of the underlying price? At what time did this happen?

Is the following by Ivolatility accurate with your data?

 

[Sekiyo]

Yes, you better spread your position across 10 different accounts and break it down into small orders. All the professionals do this. Otherwise they’ll know you’re a retail with low informational / technical edge and they’ll sucker you.

Just kidding

 

[newwurldmn]

Yes, you better spread your position across 10 different accounts and break it down into small orders. All the professionals do this. Otherwise they’ll know you’re a retail with low informational / technical edge and they’ll sucker you.

Just kidding

And put some opposite trades too.

also trade some random options.

to trade a 100 lot IC, I typically end up trading 3-4000 options to hide the real position.

 

[murray t turtle]

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.

%%
MOST everyone in stocks wants a profit-@ least in their mind.
Hard to believe anyone would confuse a Fed day/policy with news noise??
Strange IWM chart also. Plenty of good tech uptrends;
but BAC is still down trending below 200day moving average .
barchart.com opinion has a IWM [objective]40% buy, so could be a 60% sell also.
Looks like Max got the range right;
hitting stops in side the range, that would expected.
IWM must not have AI[machine learning], ranging in that range.
DOW theory says nobody is bigger than the market, so any size or big size [IWM]would not be auto Fed fight winner.
MOST common would be hitting stops in a range; but IWM usually has larger 52 average week range than that, all data.
Price kerplunk [selling]would be logical also\IWM= underperformer YTD.
Hope this helps, it helps me.

 

[destriero]

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

Totally. Consolidated and Citadel pay for your order flow to piggyback your ETF condorz.

 

[Velarcus]

They do, but probably not in this case. The chart incorporated all the information available, then the information changed. Your analysis was weak. Zero due diligence. Change your process or expect more of this in the future.

 

[wxytrader]

They do, but probably not in this case. The chart incorporated all the information available, then the information changed. Your analysis was weak. Zero due diligence. Change your process or expect more of this in the future.

Moot point anyway because making profits selling options is not sustainable. Either way, the idea that this manipulation exists is garbage and should really be illegal. It would be illegal if we were doing it to them...they called in Congress just because retail did it to them once with GameStop. Bunch of cry babies.

My solution would be to open the market up 24/7 and cap share ownership at .05% of the float by any one entity. No more after market games.

 

[ironchef]

I sold an IWM iron condor with the short strikes at 190/184 while it was trading at 187 and then the price kerplunked.
View attachment 317124

How big a position is an IWM iron condor?