Thank you, I think I kind of understand what you said. Wait, I am not sure. I kind of agree with you we retails are nuts and most of us have no "inventory" to speak of and nothing to "balance", we just buy/write a few calls and pray.
Schwab. They do have the StreetSmart Edge platform but I am more familiar with their basic trading platform as I have been using that for years. Hard to teach an old dog new tricks. Perhaps after their TDA buyout, I should try TOS.
From your description, it sounds like they are trading speed, not nominal gamma. I'd like to read their posts. What is their Twitter handles (or PM me if you prefer not to post it here for any reason).
I'm really scratching my head as to why you would jump to that conclusion. Taking on a first order expense, with the 'primary' objective of seeking benefit from a third order movement that occurs at the 4th decimal?
There is a "sweet spot" for a ramp up in gamma which it sounds like they are targeting. That's why I'd like to read their posts, to get the full context.
If you were talking VdelV my eyebrow would probably be a bit lower, and that sweet spot is definitely outside of 1-2 ATR. Please let me know, I'm curious what they are doing, but not curious enough to break my no Twitter rule.
Sorry for any confusion, but my request for the Twitter posts that prompted this thread was directed to the OP as only he/she would know. A little frustrating when anonymous sources are cited who have all the background details. Also note that the OP said weekly ATR's, not daily. That should tweak your eyebrow
My apologies, I am not trying to be contentious, I guess old habits die hard. Just seem more like a positive characteristic than a primary motivator. Not difficult to quantify in dollars and cents. ..and yes, I caught weekly. I'll say no more, not that I trade anyway, I'll just go back to playing LOL. Although, I should mention that just a couple of hours ago I had to run off a tennis court in the middle of a match, hit 97 on the court.. ripped a layer of porcelain off the bowl. Absolute rectal explosion of the type that defies gravity and winds up spraying you all over your own ass... Maybe that's what's makin' me stupid. Nah... who am I kiddin, just born this way.
Dude, don't take it so hard. It's only higher level option greeks, not the meaning of life (well, almost).