We have a written contract. Details I can't disclose. We hope that by this we both will be successful, ie. a win-win situation. We are not strangers to each other. We know each other for more than 10 yrs, in the past we had worked together. From a certain point on, the money one owns doesn't play any role anymore. It's then about setting up some companies and realizing some ideas, much like Elon Musk etc... I think in the end it will be like this: we have our own investment company with 50:50 shares for both, and besides this each can have his own other activities and companies or whatever... We can any time step up, down, or pause the activities of our partnership. Of course both would need to agree for such a step. That's at least our vision. It's not only about money, it's also about sharing experiences, sharing the work, and of course also being on the same "wave", etc. And: in the past we both have lost some money to the market (as hobby traders then), that of course we will get back ASAP! My partner's english is not that good, he uses online translator or asks someone else.
Sorry, I don't know about IB, but I know some other brokers do sell realtime all transaction data of their own clients to other firms (to Citadel etc)...
Why do I still waste my time? It is because of bs like this that this site is not what it used to be or what it could be.
Ok, week and month are over... I'll shortly post the result... The expired positions: FYI: the expired positions get processed at about 21:40 US ET on Friday (last week it was similar). (the above time of 03:40 etc. is my local time-zone in Euroland, that is +6h to US ET). BTW: the US should get rid of the 12h AM/PM sh*t!
Also worth of mentioning: Of course one doesn't pay any commission when letting the options expire... That of course saves much on commission...
Okey, let's talk some serious points here: 1) As with all scientific conclusions, you need to post your proof of experiment as evidence of the claim. If it can withstand scientific scrutiny then you will get due credit. (Of course, post it on a respectable publication, not here on ET). 2) If you were to make 30%, compounded, monthly. Then starting with a tiny 10k, you will generate 232,900 after 1 year. If you continue this for *one* more year, you will generate 5.4M. After the third year, you're at 126M. So this begs the question: Why bother trying to sell it? You'll make so much in 3 years that it will far exceed any amount that someone will pay for it, let alone you would be unlikely to need more than that (and if you do, let it roll for another year and retire a billionaire). 3) Now, seriously: If you have come across some super special method that no one has discovered yet, and for reasons unknown you can not execute it yourself, and wish to distribute/sell it: Fine. But be careful! Because if it is legitimate, a Russian/Whatever mobster will buy it, verify it works, then shoot you in the head to make sure you don't tell anyone else.
Sorry, I don't understand your posting, because I never said I'll sell my method or system. No, I'm not interested at all in selling anything. And: it is currently still a discretionary method, ie. a manual method. An options scanner I wrote just gives some tips/hints, but the final decision and the trades have to be done by myself manually... I'm working on automating all these steps but it takes time to develop and to throughly test it...
Request for comments: I think if one can do like a MM then there should be much more profit per month possible than say 30%. If anybody interessted in this, maybe we could work together for coding this in C++ using the IB API.
Someone else has currently similar monthly returns, but it seems he trades other markets (currency I think, and not sure whether any options involved in his trading): https://www.myfxbook.com/members/babyjake1961/01062016/1651616