Monday, June 9, 2008

I think I found a 120% interest rate checking account.

Not kidding. Will execute my trade then will inform you when I am done.

8 comments:

D said...

Intrade is great for making side bets... I opened an account, but I haven't funded it yet. I have to talk to the reg. attorney first to make sure I don't get myself into bigger trouble...

I was planning on seeing what kind of depth I could get on the dec 2008 market closing value contracts to arb a couple bets I've made with friends.

:)

douche_bag said...

hey mister spy or any other knowledgable party

question I have:

I am looking for an options program that detects and records unusual activity VS open interest...anyone know of some good program(s) that can scan the broad market detect the activity and tell me if it was on bid ask or in the middle...

Thanks

D said...

The best options traders/firms have proprietary software and don't share...that's giving away edge.

I have never used it, but the najarian guys sell a few different option subscriptions geared towards anomalies in the options market. I don't think you will find any edge in it though.

Options are negative sum and you are betting against the highest level of market sophistication. It's all quant-arbitrage driven. Successful options trading is not about direction anymore.

MTGSPY said...

We use BLP (Bloomberg XLS addon) to get real time data like that. Otherwise you gotta look at building program from livefeed yourself, BLP is known to be slow especially for the kind / amount of data you want to get.

Penn said...

FED shorts are not available (as expected). In order to be in a synthetic short position, I am contemplating selling Dec 08 $10 calls.

Apart from liquidity and bid-ask spread what are any other downsides of this strategy that will not be present in a straight short position?

MTGSPY said...

Surprisingly there is 1,524 MTG to short which is promptly taken :D

How could I even resist my "moniker", eh?

D said...

assignment risk if the calls go ITM

douche_bag said...

OKAY THANKS GUYS

I DO THINK I WILL GET AN EDGE...I WILL SOURCE IT OUT...I KNOW ABOUT OPTIONS MONSTER...I THINK WRITING THE THING IS THE BEST BET...I WAS AFRAID OF DOING IT BUT YOU GOTTA DO WHAT YOU GOTTA DO

I CAN RATTLE OF THE # OF TIMES I HAVE SEEN LARGE OPTIONS PURCHASES FOLLOWED BY 2-3 DAYS LATER A BIG STOCK DECLINE....HELL WAS WATCHING DSL CHAIN BOUT A WEEK AGO AND BAM LARGE BLOCKS CROSS ON ASK FRONT TWO MONTHS...10 MINS LATER S&P DOWNGRADES THE PIGS

YEAH THAT MUSTA BEEN THE QUANTS