I tried to use it with Nasdaq Stocks and Futures, too distracting entire day goes by, nice seeing your order get filled though LOL
How do human scalpers compete with machines today?
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I tried to use it with Nasdaq Stocks and Futures, too distracting entire day goes by, nice seeing your order get filled though LOL
Bingo, I second that motion! If your stock is trading in a tight range and no news is on the horizon, Scalp away! Are you scalping once the HFTS fry all the bids down $.15 to $.25 and your selling $.15-$.25 above? Good Old days we sat on the bid at $20.00 and sold at $20.125 on stocks that were churning, just grinding 1/8 to 3/8s on average all day long. Compaq, Lucent, MOT, they were some my favorites to grind all day, you could get filled by putting in shares at 9999 on the bid and 9999 on the offer. Market Makers got away with hiding your orders above 10,000 and if you did not reduce your size, some exchanges were fast each side, I liked the Mid West Exchange while garbage exchanges and MMs would hold your order without filling it(GVRC). Depending on who your Market Maker was on the Online Broker they would fill your orders before they filled their own book. UBSS has treated me very well, there was a heineous Market Maker (GVRC) that emerged after Year 2000 after NITE struggled to make sense of decimalization. That's when I had to break up all my orders to 9999 and less, GVRC was a snake!
Back to the OP, you can absolutely Scalp if you place your order below their hit-zones. On Listed, on Nasdaq and Amex stocks you can Scalp if you have followed that stock and know the range those sell or buy orders hit.
I am with Market Surfer, you use Scalping to teach yourself how to hold that position longer and for more price.
How much Rebates on Options can you made? If someone is grinding Weeklies 500-1500 at $.50-.80 and 200-500 at $1-$5, how much rebates are they getting paid to carry risk?
FX or Index's via spot, yes you have to over come the spread and comms ofcourse, always a cost to everything.
Not saying it's easy, been my lifes work pretty much, but getting there!
I would like to hear some brain storms on how you would track the chain or strip of options more effectively. Most of the action is in the near-OTM anyways.
Underlying behavior aside (It's a given, right?)
Do you watch the bid/ask width contraction and expansion?
Do you set to the chain to be viewed as bid/ask IV instead of prices?
Do you look for quirkiness in the skew?
Do you just go to where the most volume is?
Underlying behavior aside (It's a given, right?)
Do you watch the bid/ask width contraction and expansion?
Do you set to the chain to be viewed as bid/ask IV instead of prices?
Do you look for quirkiness in the skew?
Do you just go to where the most volume is?
Just curious, what do you consider "low" rates in options?
rmorse
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I can't respond to that in a public forum. I'm sure others will be happy to provide their opinion.Keep in mind that the best rebates for options are between $0.45 and $0.85 for non-penny equity options . Reg fees around around $0.0947/contract. If you buy and sell at the same price, you will need to do enough volume for someone to offer you a rate low enough to profit from that.
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define "scalping"? TIME is a continuum, candles a COLLECTION of time
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