SPX & SPY Weekly OI

[Sakti]

I have decided to leave here for a while and post on T2W - too many trolls here, as per the mods!

They would be far better off keeping the idiots who cost people money away, but then again, they are unable to tell the difference

Trading is a very serious game, and one person who contacted me on this site contemplated suicide over trading - so I will never stop calling those who try to con people out of money...

GOBSHITES

J_S

Something I said? My interest and curiosity are genuine

 

[J_Smith]

Something I said? My interest and curiosity are genuine

No, nothing to do with you - a mod stopped me posting in another thread where some idiot was trying to say he could teach people real fast how to trade - he sounds like a russian con artist to me, and I let it be known.

Anyway, OG got my interest in the Friday Expiration thread - join in, as I think OG might be one of the very few here that actually knows what he is talking about - don't mind the idiots posting there, as our main objective is to make money, not listen to Gobshites

J_S

 

[Windlesham1]

FWIW I have always suspected that OI would give a good idea about PIN risk and often the big players will ramp up the index(FTSE in the UK) to get out of their short puts-but they are smarter than to play the same game every expiry, plus OTC volumes far outstrip exchange traded options. Last expiry was a case in point in the UK,a 2.5% jump just for the expiry auction

 

[J_Smith]

FWIW I have always suspected that OI would give a good idea about PIN risk and often the big players will ramp up the index(FTSE in the UK) to get out of their short puts-but they are smarter than to play the same game every expiry, plus OTC volumes far outstrip exchange traded options. Last expiry was a case in point in the UK,a 2.5% jump just for the expiry auction

It is still on the list of things to try and work out - what might help greatly is if we could get the net positions for traders, as in, what exactly are the MM's overall risk at the relevant strikes - I don't think it is straightforward to find out, but if anyone knows then please let us all know - I don't mind saying I haven't a clue - which is why I am asking.

J_S

 

[Sig]

I don't like SPX options. The spread is brutal. Good for sellers, bad for buyers.

I am almost always able to trade at the next increment above the mid when it is a true mid, i.e. the market makers are on both sides and there isn't a retail order parked inside the spread. The posted spreads are useful only to get the mid, they are in no way indicative of the spread you'd pay unless you use market orders. (or get autoliquidated by IB!).
BTW, how is a big spread good for sellers? Good for market makers maybe but unless it's somehow asymmetrical around what you think the fair value of the option is, it would impact you equally as a buyer or seller.

 

[Sig]

I have decided to leave here for a while and post on T2W - too many trolls here, as per the mods!

They would be far better off keeping the idiots who cost people money away, but then again, they are unable to tell the difference

Trading is a very serious game, and one person who contacted me on this site contemplated suicide over trading - so I will never stop calling those who try to con people out of money...

GOBSHITES

J_S

Is there a secret T2W section I don't know about? It always seems more scammy then ET to me.

 

[J_Smith]

Is there a secret T2W section I don't know about? It always seems more scammy then ET to me.

Nope, in fact, the site has to be the worst trading site out there at the moment!

I think dbphoenix owns it

J_S

 

[J_Smith]

Time to get back on track.

Let's see where we expire - as of now it is only going up, but will it fall back before close?

J_S