Monday, August 30, 2010

Dollar-Weighted Put Call Ratios Explained (8/1/10 Market Timing Webinar excerpt)

Dollar-Weighted Put Call Ratios Explained (8/1/10 Market Timing Webinar excerpt)SocialTwist Tell-a-Friend
Our Real Time Put Call Ratio screens show actual volume of calls & puts, dynamically updated throughout the day. Sorted by each column, both simple & dollar weighted ratios are displayed.

As a trader, speculator or investor, it is important to have access to all of the tools that the professionals have. The Real Time Put Call Ratio is one of those tools, providing valuable insight into overall market sentiment. Now, Hamzei Analytics' Real Time Put Call Ratio gives you a leg up on the market, letting you see where the action is before the news leaks it out.



Learn more about the Hamzei Analytics Real-time Put/Call Ratios here: https://www.hamzeianalytics.com/tutorial_real_time_put_call_ratio.asp
There are many schools of thought on what exactly is a bullish ratio and what is a bearish ratio. Generally, the simple put call ratio of 1.5 on an index is used as the level of relative neutrality. Anything higher than that is considered bullish and anything lower is considered bearish. The dollar-weighted ratios vary from index to index and each index historical norms need to be referenced for proper deduction.

Thursday, August 19, 2010

Creating Arbitrage with Stocks Options Equality | Trade Options Like a DPM Webinars #2

Creating Arbitrage with Stocks Options Equality | Trade Options Like a DPM Webinars #2SocialTwist Tell-a-Friend
http://twitter.com/hamzeianalytics - The Admiral, a former CBOE Designated Primary Market Maker, does a quick example with Costco (COST) on how to create arbitrage opportunities and make instant profits through stock-option equalities. The Admiral has stressed the importance of these stock-option equalities (also called put-call parity, synthetic stock) and this is why. Techniques like this are harder to make a lot of money today with computers quickly taking advantage of these arbitrage opportunities, but this is still important fundamental mechanics of the market to understand.

This an excerpt from the "Trade Options like a DPM Webinar #2 - Verticals/Boxes" Q&A session: http://hamzeianalytics.com/pow_register.asp




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.

How Options Market Makers Use Box Spreads | Trade Options Like a DPM Webinars #2

How Options Market Makers Use Box Spreads | Trade Options Like a DPM Webinars #2SocialTwist Tell-a-Friend
http://twitter.com/hamzeianalytics - The Admiral, as a former CBOE Designated Primary Market Maker, often used Option Box Spreads to lock in his profits with other options when he was unable to close out his positions directly. Also, he used Option Box Spreads to flatten his position because it was tough for him to close the amount of positions he had at the end of every trading session.

This an excerpt from the "Trade Options like a DPM Webinar #2 - Verticals/Boxes" Q&A session: http://hamzeianalytics.com/pow_register.asp



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.

What are Options Box Spreads Q&A | Trade Options Like a DPM Webinars #2

What are Options Box Spreads Q&A | Trade Options Like a DPM Webinars #2SocialTwist Tell-a-Friend
http://twitter.com/hamzeianalytics - In this 2nd webinar, The Admiral, a former CBOE Designated Primary Market Maker, teaches Vertical Option Spreads and a vertical option spread combination called Option Box Spreads. In this Q&A excerpt after the lesson, the Admiral does some examples and clarifies what Option Box Spreads are and how they're used.

This an excerpt from the "Trade Options like a DPM Webinar #2 - Verticals/Boxes" Q&A session: http://hamzeianalytics.com/pow_register.asp



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.

Thursday, August 5, 2010

How Mark Cuban Locked in His Enormous Yahoo Fortune: Options Risk Reversals | Trade Options Like a DPM Webinars with the Admiral #1

How Mark Cuban Locked in His Enormous Yahoo Fortune: Options Risk Reversals | Trade Options Like a DPM Webinars with the Admiral #1SocialTwist Tell-a-Friend
The Admiral, a former CBOE Designated Primary Market Maker, tells the story of how Mark Cuban locked in his enormous fortune after selling Broadcast.com to Yahoo. While Mark Cuban was restricted from selling the Yahoo (YHOO) stock he got, he was able to keep the profits on Yahoo stock using risk reversal option strategies while Yahoo stock itself plummeted when the tech bubble burst.

This an excerpt from the "Trade Options like a DPM Webinar #1 - Covered/Buy Writes" Q&A session: http://hamzeianalytics.com/pow_register.asp

The Win-Win Scenario for Buy-Write Option Strategies | Trade Options Like a DPM Webinars with the Admiral #1

The Win-Win Scenario for Buy-Write Option Strategies | Trade Options Like a DPM Webinars with the Admiral #1SocialTwist Tell-a-Friend
The Admiral, a former CBOE Designated Primary Market Maker, illustrates the ideal scenario and market conditions for a buy-write options strategy with the Goldman Sachs (GS) example used throughout this webinar.

This an excerpt from the "Trade Options like a DPM Webinar #1 - Covered/Buy Writes" Q&A session: http://hamzeianalytics.com/pow_register.asp

How to tell when a Call or Put Option Will be Assigned | Trade Options Like a DPM Webinars with the Admiral #1

How to tell when a Call or Put Option Will be Assigned | Trade Options Like a DPM Webinars with the Admiral #1SocialTwist Tell-a-Friend
The Admiral explains the two main conditions when someone holding a call option or put option may be assigned the stock. He answers when and why will someone exercise an option. The Admiral is a former CBOE Designated Primary Market Maker (DPM).

This an excerpt from the "Trade Options like a DPM Webinar #1 - Covered/Buy Writes" Q&A session: http://hamzeianalytics.com/pow_register.asp

Key Trading Psychology: Admitting When You're Wrong & Taking Losses | Trade Options Like a DPM Webinars with the Admiral #1

Key Trading Psychology: Admitting When You're Wrong & Taking Losses | Trade Options Like a DPM Webinars with the Admiral #1SocialTwist Tell-a-Friend
The Admiral, a former CBOE Designated Primary Market Maker, explains the importance of humility in trading, the ability to take a loss, and reset with a clear head and start over.

This an excerpt from the "Trade Options like a DPM Webinar #1 - Covered/Buy Writes" Q&A session: http://hamzeianalytics.com/pow_register.asp

Saturday, July 31, 2010

Option Equality Synethics | Trade Options Like a DPM Webinars with The Admiral

Option Equality Synethics | Trade Options Like a DPM Webinars with The AdmiralSocialTwist Tell-a-Friend
http://twitter.com/hamzeianalytics - Who better to learn options trading from than one of the biggest and best traders to have ever traded on the CBOE floor? The Admiral is a 27-yr veteran of CBOE as with 5 years as a major DPM with a $800 Mil trading book. DPM stands for Designated Primary Market Maker.



Register for this webinar series: http://www.hamzeianalytics.com/POW_Re...

In this webinar series, The Admiral will start off by going over the basics. During this first webinar, The Admiral touched on topics such as the volatility component of options, options an stock equalities, and synthetics.



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.

Option Greeks Intro: Delta | Trade Options Like a DPM Webinars with The Admiral

Option Greeks Intro: Delta | Trade Options Like a DPM Webinars with The AdmiralSocialTwist Tell-a-Friend
http://twitter.com/hamzeianalytics - Who better to learn options trading from than one of the biggest and best traders to have ever traded on the CBOE floor? The Admiral is a 27-yr veteran of CBOE as with 5 years as a major DPM with a $800 Mil trading book. DPM stands for Designated Primary Market Maker.



Register for this webinar series: http://www.hamzeianalytics.com/POW_Re...

In this webinar series, The Admiral will start off by going over the basics. During this first webinar, The Admiral touched on topics such as the volatility component of options, options an stock equalities, and synthetics.



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.

Disclaimer and Terms of Service

© Copyright 1998-2023, Hamzei Analytics, LLC. Hamzei Financial Network is published by Hamzei Analytics, LLC, Naples, FL 34112, Admin@HamzeiAnalytics.com (310) 306-1200. The information herein was obtained from sources which Hamzei Analytics, 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.