20,000 Twitter Followers marketHEIST Interview Pt.2

Tweet 20,000 Twitter Followers marketHEIST Interview Pt.2

Second part of my interview with marketHEIST's Jeffrey Lin, talking more about my experience with using twitter as a trader.

Part 1 of our interview

Interview on marketHEIST.com for passing 20,000 Twitter Followers

Tweet Interview on marketHEIST.com for passing 20,000 Twitter Followers

Interview via Skype with Jeffrey Lin from marketHEIST.com discussing the journey on twitter since signing up in April 2009

Part 1: Passing 20,000 Twitter Followers

Options Time Spread, Jelly Rolls, and Reversals with Goldman Sachs (GS) | Trade Options Like a DPM Webinars #3

Tweet Options Time Spread, Jelly Rolls, and Reversals with Goldman Sachs (GS) | Trade Options Like a DPM Webinars #3

http://twitter.com/hamzeianalytics - The Admiral, a former CBOE Designated Primary Market Maker (DPM), continues his lesson on calendar spreads by demonstrating an advanced use of structuring time spreads as jelly rolls.  He extends the example a bit further, taking advantage of risk reversal strategies mentioned in a previous lessons to construct options positions with essentially no-risk (or riskless money).

This an excerpt from the "Trade Options like a DPM Webinar #3 - Calendars/Time Spreads: http://hamzeianalytics.com/pow_register.asp



"CALENDARS & TIME SPREADS" OPTIONS WEBINAR DESCRIPTION

An options or futures spread established by simultaneously entering a long and short position on the same underlying asset but with different delivery months. Sometimes referred to as an interdelivery, intramarket, time or horizontal spread.


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.

Options Time Spread VMW Example | Trade Options Like a DPM Webinars #3: Calendar Spreads

Tweet Options Time Spread VMW Example | Trade Options Like a DPM Webinars #3: Calendar Spreads

The Admiral, a former CBOE Designated Primary Market Maker (DPM), continues his first example of implementing an options time spread using VM Ware (VMW) as the sample underlying stock.  The Admiral goes through each step of identifying the trade and the potential targets for the underlying stock, finding the option months and strikes, constructing the time spread, and analyzing the time spread.



This an excerpt from the "Trade Options like a DPM Webinar #3 - Calendars & Time Spreads: http://hamzeianalytics.com/pow_register.asp


"CALENDARS & TIME SPREADS" OPTIONS WEBINAR DESCRIPTION

An options or futures spread established by simultaneously entering a long and short position on the same underlying asset but with different delivery months. Sometimes referred to as an interdelivery, intramarket, time or horizontal spread.


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.

Options Time Spreads Basics Excerpt | Trade Options Like a DPM Webinars #3: Calendar Spreads

Tweet Options Time Spreads Basics Excerpt | Trade Options Like a DPM Webinars #3: Calendar Spreads

The options calendar spread, or time spread, was the first options spread The Admiral, used when he first became a market maker on the floor of the CBOE.  In this excerpt from the "Calendars" Options Webinar presentation, The Admiral explains the basics of a calendar spread, how to price a calendar spread, and the relatively low-cost and low exposure to deltas.



This an excerpt from the "Trade Options like a DPM Webinar #3 - Calendars & Time Spreads: http://hamzeianalytics.com/pow_register.asp


"CALENDARS & TIME SPREADS" OPTIONS WEBINAR DESCRIPTION

An options or futures spread established by simultaneously entering a long and short position on the same underlying asset but with different delivery months. Sometimes referred to as an interdelivery, intramarket, time or horizontal spread.


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.

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

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

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.

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

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

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

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

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

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

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.

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

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

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