HFT Introductory Pricing is Over

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Fari Hamzei

With Brad Sullivan joining us, as promised, our HFT introductory pricing period is over.

Brad Sullivan is back in our HFT Chatroom

Tweet Brad Sullivan is back in our HFT Chatroom

Fari Hamzei

The venerable Chicago Super Trader, Brad Sullivan, will be rejoining our HFT Chatroom tomorrow. Here is bio, circa 2007.

He now runs money for a major algo shop two blocks from me here in Chicago: http://hamzeianalytics.com/docs/brad_sullivan.pdf


Here is how you can still join us at the introductory price: http://www.hamzeianalytics.com/hft_details.asp

The Day After FOMC

Tweet The Day After FOMC

This chart is courtesy of our newest HFT Chat Moderator, Scott McCray.

Scott McCray, former anchor at Los Angeles Ch 22 Biz TV (the precursor to CNBC), has accepted our invitation to be a Chat Moderator in our HFT Chatroom. Scott is an active options and futures trader with great point of view on Gold, Crude Oil and Stock Index Futures. He was the first person to quote our Dollar Weighted Put/Call Ratios on the air back in summer of 2000.

Here is how you can join us to benefit from Scott's on-the-run commentary: http://www.hamzeianalytics.com/hft_details.asp

High Frequency Trading on Twitter

Tweet High Frequency Trading on Twitter

Fari Hamzei

Trades Stock Index Futures and Options

with LIVE CHART STREAMER

and Java-based Chatroom

For more details, click here http://tl.gd/c8td

Updated SP1 - MoMo Chart

Tweet Updated SP1 - MoMo Chart

Updated Analysis:

The Song Remains the Same

http://tinyurl.com/lyc9vj

SP1 MoMo Chart -- Market Timing

Tweet SP1 MoMo Chart -- Market Timing

Our coveted SP1-MoMo chart is featured today on Chart Junkie by @wallCS (on Twitter): http://wallstcheatsheet.com/?p=1165

Best to review before the OPEN.


Follow us on Twitter by clicking here: http://twitter.com/HamzeiAnalytics

Where is the Outrage ??

Tweet Where is the Outrage ??

Fari Hamzei

Last Friday, the front page of the Wall Street Journal blared: “Nine Lenders That Got Aid Have $33 Billion Bonus Tab.”

Read more >>> http://tinyurl.com/n7jmkz

Demystifying High Frequency Trading

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I was interviewed by Damien Hoffman for GreenFaucet.com. Thanks !!

See http://www.greenfaucet.com/economy/demystifying-high-frequency-trading/77528

Trading Apple Call Options thru the Earnings Report

Tweet Trading Apple Call Options thru the Earnings Report

More color on that gigantic SPY put trade on Thursday

Tweet More color on that gigantic SPY put trade on Thursday

Fari Hamzei

I now have more color on that gigantic SPY put trade (720K contracts) executed last Thursday on ISE:

It was a 120K by 240K put backspread rolled from August to December, executed on behalf a major US-based hedge fund;

120k of Aug 92 puts were traded up to Dec 95 puts

and

240K of Aug 80 puts were traded up to Dec 82 puts;

the transaction was virtually fresh cash-neutral for the fund.

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What is a "put backspread" ??

From OXPS education webpages:

Put back spreads are great strategies when you are expecting big downward moves in already volatile stocks. The trade itself involves selling a put at a higher strike and buying a greater number of puts at a lower strike price.

Ideally, this trade will be initiated for a minimal debit or possibly a small credit. This way, if the stock gains ground, you won't suffer much either way. On the other hand, if the stock drops as you hope, the profit potential will be significant because you have more long than short puts. To maximize the potential for this position, many traders use in-the-money options because they have a higher likelihood of finishing in-the-money.

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http://www.optionsxpress.com/educate/strategies/putbackspread.aspx