He might be placing 390 orders to buy options for $0.01 that have no chance to fill. How does he do that manually anyway?
The letter said “over 390 orders per day,” and I assume it’s an average. I also assume the letter was not sent to @ajacobson but he just posted it as fyi
It’s so geared to the MMs and Market Orders for stocks. Options trading, I assume the website is where Ajacob placed them because that’s insane on the phone app’s cumbersome process for options “limit order” only.