![]() Sometimes he’ll sell calls against it or roll his position to the next month. If he likes the chart and the order flow he’ll sell a put naked. When you sell puts naked, your margins are insane-but so is your risk. For most of Andrew’s trades, he can get in on one contract for $75 it can double in a matter of minutes.Īndrew currently trades his own side account where he put in $160,000-and he’s up $18,000 this year. Selling naked optionsĪndrew would’ve never thought that trading options would be similar to trading penny stocks-but he believes it’s becoming that way. When Robinhood got in the game, they allowed you to open an account with very little. You used to need $5,000 in a trading account and sign documentation stating you understood the risk of options trading. Now he’s noticed-with the Robinhood phenomenon-you can see retail flow and make just as much money on that side as the institutional side.Īndrew notes that the markets are tighter than they used to be. ![]() So for about 8–10 years he only watched institutional order flow. Every time this institutional trader went long or short, Andrew did the same. He shares an example of an institution that was going long on Apple (well before the iPad, iPhone, etc.). While Andrew was working at the Chicago Board Options Exchange, they started to notice patterns in institutional order flow. The Big Short (and what Reddit should be doing).The concept of unusual options activity.You’ll want to hear this episode if you are interested in… In this episode of How To Trade It we talk tracking order flow + unusual options activity with Check it out! #Stocks #Stock #trading #StockMarket #Investing #DayTrading #StockPicks #options #OrderFlow Click To Tweet
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