Thursday, October 28, 2010

Special Case of Weekly Options (GOOG Example) | Options Like a DPM Webinars #6: Strangles

Special Case of Weekly Options (GOOG Example) | Options Like a DPM Webinars #6: StranglesSocialTwist Tell-a-Friend
http://hamzeianalytics.com/pow_register.asp - In the Q&A segment of this Options Strangles educational webinar, the Admiral answers a question about weekly options and their extreme dynamics due to the closeness to expiration. The Admiral, a former CBOE Designated Primary Market Maker, explains the potentials, dangers, and considerations for trading weekly options.

This a Q&A excerpt from "Trade Options like a DPM Webinar #6: Strangles" - http://hamzeianalytics.com/pow_register.asp




"STRANGLES" OPTIONS WEBINAR DESCRIPTION (October 20, 2010, 1800 CT)

An options strategy where the investor holds a position in both a call and put with different strike prices but with the same maturity and underlying asset.


ABOUT "THE ADMIRAL"

The featured speaker, whom we affectionately call "The Admiral," was a Designated Primary Market Maker (DPM) on the floor of the CBOE for five years. Although we're not using his real name (so don't ask!) suffice it to say that we consider him to be one of the most knowledgeable option traders on the planet. As a floor trader in the '80s and '90s he did the opening options rotation for 5-25 stocks the old-fashioned open outcry way—meaning he opened each option strike price for each of these stocks within the first 30 minutes of trading, both calls and puts.

That meant he had to price more than 500 option strikes, plus as a market maker he traded and kept the markets current. As a DPM, technology brought forth auto-quoting of option series, but pricing of those quotes remained his responsibility. Trading 1 million shares of stocks and 50,000 options contracts was a normal day for him. In 27 years at CBOE, he has traded through the crash of '87, the smaller crash of '90 and the tech bubble in 2000. He has traded three-digit volatility and seen every possible market environment imaginable. So, if you're going to learn options, it might as well be from the very best.

Wednesday, October 27, 2010

Market Thrust Indicator: Applying Advance Decline Market Data | Rich Ruscio's Market Internals Webinar

Market Thrust Indicator: Applying Advance Decline Market Data | Rich Ruscio's Market Internals WebinarSocialTwist Tell-a-Friend
http://hamzeianalytics.com/educational_webinars.asp - Futures trader Rich Ruscio combines advance/decline issues and volume data for use in the Market Thrust indicator to help time his trades and give him a sense of market behavior.



About Rich (@rruscio on twitter)
Rich Ruscio is a retired-from-the-W2-world trader, trading $ES_F and selected 2x ETF’s.
While at work for others for most of the past 4 decades, Rich has held positions from the factory floor, thru software engineering, various management jobs, and Corporate staff roles.
Since leaving the working world in August 2009, Rich as spent a lot of his time on learning how TradeStation works, leaving TOS behind, walking his dogs and riding his bikes. A self described code monkey, Rich builds, and uses, a number of partially automated systems he delicately describes as ‘robots’.
Rich lives in Upstate NY, with his wife, mother-in-law, the occasional one of his three daughters, two dogs, bikes, computers, and Droid Inc. He holds a BS in Chemical Engineering, and a MS In Statistics.
Rich is active member of HamzeiAnalytics’ High Frequency Trading Chatroom. In this webinar, Rich will describe the market internals he uses (data, algos, methodology).

Tuesday, October 26, 2010

Using Advancing & Declining Issues Data as a Market Indicator | Rich Ruscio Market Internals Webinar

Using Advancing & Declining Issues Data as a Market Indicator | Rich Ruscio Market Internals WebinarSocialTwist Tell-a-Friend
http://hamzeianalytics.com/educational_webinars.asp - Futures trader Rich Ruscio explains using the advancing and declining issues data as a day trading indicator.




About Rich (@rruscio on twitter)

Rich Ruscio is a retired-from-the-W2-world trader, trading $ES_F and selected 2x ETF’s.
While at work for others for most of the past 4 decades, Rich has held positions from the factory floor, thru software engineering, various management jobs, and Corporate staff roles.
Since leaving the working world in August 2009, Rich as spent a lot of his time on learning how TradeStation works, leaving TOS behind, walking his dogs and riding his bikes. A self described code monkey, Rich builds, and uses, a number of partially automated systems he delicately describes as ‘robots’.
Rich lives in Upstate NY, with his wife, mother-in-law, the occasional one of his three daughters, two dogs, bikes, computers, and Droid Inc. He holds a BS in Chemical Engineering, and a MS In Statistics.
Rich is active member of HamzeiAnalytics’ High Frequency Trading Chatroom. In this webinar, Rich will describe the market internals he uses (data, algos, methodology).

Sunday, October 24, 2010

Using Tick Charts as a Day Trading Market Indicator | Rich Ruscio Market Internals Webinar

Using Tick Charts as a Day Trading Market Indicator | Rich Ruscio Market Internals WebinarSocialTwist Tell-a-Friend
http://hamzeianalytics.com/educational_webinars.asp - Futures trader Rich Ruscio shares his insights and experiences with using the market Tick data when day trading. Rich shows several different ways of using Tick data including the slow average, fast average, range days, and trend days.



About Rich (@rruscio on twitter)
Rich Ruscio is a retired-from-the-W2-world trader, trading $ES_F and selected 2x ETF’s.
While at work for others for most of the past 4 decades, Rich has held positions from the factory floor, thru software engineering, various management jobs, and Corporate staff roles.
Since leaving the working world in August 2009, Rich as spent a lot of his time on learning how TradeStation works, leaving TOS behind, walking his dogs and riding his bikes. A self described code monkey, Rich builds, and uses, a number of partially automated systems he delicately describes as ‘robots’.
Rich lives in Upstate NY, with his wife, mother-in-law, the occasional one of his three daughters, two dogs, bikes, computers, and Droid Inc. He holds a BS in Chemical Engineering, and a MS In Statistics.
Rich is active member of HamzeiAnalytics’ High Frequency Trading Chatroom. In this webinar, Rich will describe the market internals he uses (data, algos, methodology).

Disclaimer and Terms of Service

© Copyright 1998-2013, Hamzei Analytics, LLC. Hamzei Financial Network is published by Hamzei Analytics, LLC, 11 N Green Street, Suite 4C, Chicago, IL 60607, Admin@HamzeiAnalytics.com (310) 306-1200. The information herein was obtained from sources which Hamzei Anlaytics, LLC believes are reliable, but we can not and do not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that Hamzei Analytics, LLC or its principals may already have invested or may from time to time invest in securities or commodities that are recommended or otherwise covered on this website. Neither Hamzei Analytics, LLC nor its principals intend to disclose the extent of any current holdings or future transactions with respect to any particular security or commodity. You should consider this possibility before investing in any security or commodity based upon statements and information contained in any report, post, comment or recommendation you receive from us. The content on this site is provided as general information only and should not be taken as investment or trading advice. Any action that you take as a result of information, analysis, or conclusion on this site is ultimately your responsibility. Always consult your financial adviser(s) before making any investment or trading decisions.