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Posted on 3/4/23 at 9:25 pm to jangalang
The absolute best thing to do is buy something extremely liquid that hasn’t been working for a month and buy it on Thursday or Friday before Op Ex so about a week out and it will have at LEAST a day during Op Ex week where it flies.
So for example if gold miners have been working for a month or longer, buy GDXD to short em.
If energy has been working, buy ERY or DRIP to short em.
If the shorts or bear side has been working, go long.
This is market makers balancing their books and buying positions back.
You can go back as far as you want. The VIX usually spikes somewhere around the 20th every single month regardless if it’s a bull or bear market.
They hate me over there @ Money Talk because LSURussian used to run that place and would trash me as a conspiracy theorist. His followers still bash and hate but it’s all good. He hardly ever shows up around there now.
Good luck!
So for example if gold miners have been working for a month or longer, buy GDXD to short em.
If energy has been working, buy ERY or DRIP to short em.
If the shorts or bear side has been working, go long.
This is market makers balancing their books and buying positions back.
You can go back as far as you want. The VIX usually spikes somewhere around the 20th every single month regardless if it’s a bull or bear market.
They hate me over there @ Money Talk because LSURussian used to run that place and would trash me as a conspiracy theorist. His followers still bash and hate but it’s all good. He hardly ever shows up around there now.
Good luck!
This post was edited on 3/4/23 at 9:32 pm
Posted on 3/5/23 at 12:50 am to Hussss
You've got a point.
Posted on 3/6/23 at 3:01 pm to Hussss
What is Op Ex?
Nevermind, can I just give you $50k and you give me back a half mil? How long will that take you?
Nevermind, can I just give you $50k and you give me back a half mil? How long will that take you?
Posted on 3/18/23 at 9:09 pm to Hussss
quote:Interesting. Replying to this post to mark it and going to run some backtests.
The absolute best thing to do is buy something extremely liquid that hasn’t been working for a month and buy it on Thursday or Friday before Op Ex so about a week out and it will have at LEAST a day during Op Ex week where it flies.
So for example if gold miners have been working for a month or longer, buy GDXD to short em.
If energy has been working, buy ERY or DRIP to short em.
If the shorts or bear side has been working, go long.
This is market makers balancing their books and buying positions back.
You can go back as far as you want. The VIX usually spikes somewhere around the 20th every single month regardless if it’s a bull or bear market.
They hate me over there @ Money Talk because LSURussian used to run that place and would trash me as a conspiracy theorist. His followers still bash and hate but it’s all good. He hardly ever shows up around there now.
Good luck!
quote:Options expiration date aka 3rd friday of the month
What is Op Ex?
This post was edited on 3/18/23 at 9:37 pm
Posted on 3/20/23 at 9:41 am to Hussss
quote:Any specific tickers you think are particularly good for this, or magnitude of move you would consider large enough to trigger the trade?
The absolute best thing to do is buy something extremely liquid that hasn’t been working for a month and buy it on Thursday or Friday before Op Ex so about a week out and it will have at LEAST a day during Op Ex week where it flies.
So for example if gold miners have been working for a month or longer, buy GDXD to short em.
If energy has been working, buy ERY or DRIP to short em.
If the shorts or bear side has been working, go long.
This is market makers balancing their books and buying positions back.
You can go back as far as you want. The VIX usually spikes somewhere around the 20th every single month regardless if it’s a bull or bear market.
They hate me over there @ Money Talk because LSURussian used to run that place and would trash me as a conspiracy theorist. His followers still bash and hate but it’s all good. He hardly ever shows up around there now.
Good luck!
I started with gold miners and back tested it over the past ten years. Methodology was effectively "If the stock is up for three weeks leading into Op Ex week, short. If the stock is down for three weeks leading into Op Ex week, long."
Ran it on both sides of the trade, at a variety of move sizes. Wasn't able to find anything very consistent.
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