QQQ Sep Puts

TimtheEnchanter · May 7, 2021

Notice the open interest and volume on the 290s

iprph90 · May 7, 2021

Anything more than a month out is a LEAP

guru · May 7, 2021

Looks like someone is selling lots of premium. Or someone is buying. Or someone is hedging. Or you name it.

TimtheEnchanter · May 7, 2021

Well, I am in as a hedge against my portfolio. I like the odds.

Gandalf the white · May 7, 2021

great tools to use to read OI in options triggering excessive market moves on the underlying and market maker manipulation is SpotGamma, Tradytics and Quantdata.

guru · May 7, 2021

Gandalf the white said:
great tools to use to read OI in options triggering excessive market moves on the underlying and market maker manipulation is SpotGamma, Tradytics and Quantdata.

So how many of those tool developers/owners are now billionaires and regretting & cursing for revealing their secrets?

newwurldmn · May 7, 2021

guru said:
So how many of those tool developers/owners are now billionaires and regretting & cursing for revealing their secrets?

I don’t think there are any equity vol billionaires in the world.

guru · May 7, 2021

newwurldmn said:
I don’t think there are any equity vol billionaires in the world.

Except for Rentech, Two Sigma, Susquehanna, and/or whoever else makes $billions from trading equity options without selling their tools?

newwurldmn · May 7, 2021

guru said:
Except for Rentech, Two Sigma, Susquehanna, and/or whoever else makes $billions from trading equity options without selling their tools?

I don’t think there are that many funds making billions trading vol.

But more specifically the only guy who might be a billionaire from trading options might be the Susquehanna guy. And even that I doubt.

guru · May 7, 2021

newwurldmn said:
I don’t think there are that many funds making billions trading vol.

But more specifically the only guy who might be a billionaire from trading options might be the Susquehanna guy. And even that I doubt.

I'm not sure, supposedly Rentec is, but also the specific $amount wasn't the point. The question is why those tool owners sell subscriptions to info on "triggering excessive market moves". Anyone with such an edge wouldn't just make everyone else rich.