Trading One Million Option Contracts?

Discussion in 'Options' started by Con1991, Oct 8, 2023.

  1. Con1991

    Con1991

    Regarding the index options in particular, for which there are no position limits. I am wondering how feasible it would be to buy or sell 1 million contracts of say NDX or SPX. Especially for a retail trader. The main reason I ask this, is because I have a scalping strategy in mind, which I have already paper traded. But I am wondering how this could be executed in a live account.

    Thanks for any input
     
  2. destriero

    destriero

    lol
     
    canoe, zghorner, rb7 and 6 others like this.
  3. Overnight

    Overnight

    An options question for which you left destriero speechless. You know it was a bad question then, and can practically see him shaking his head while walking away from your post.

    The bottom line is...You can't. Shred that paper you traded upon and smoke it in a pipe.
     
    TrailerParkTed likes this.
  4. ZBZB

    ZBZB

    Get an ISDA and do OTC with an investment bank.
     
  5. Con1991

    Con1991

    I wouldn't consider Desterio a genuine poster at all I'm afraid. He never has any valuable contribution to my questions. Case closed.
    Thank you for the only sensible and relevant reply to my question so far.
     
    smallfil, expiated and MarkBrown like this.
  6. destriero

    destriero

    lol you'll need $500MM for an ISDA. Good luck, friendo!
     
    newwurldmn likes this.
  7. destriero

    destriero

    How @Con1991 sees himself:

    upload_2023-10-8_14-34-54.png


    reality:

    upload_2023-10-8_14-35-59.png
     
  8. Con1991

    Con1991

    Such a funny man, aren't you. You're nothing but a pathetic troll, who's very images you post just now are based on yourself. Now if you don't mind, I would appreciate replies only from more intelligent contributors than you. Goodbye.
     
  9. comagnum

    comagnum

    Dream on - The largest WS banks don't even trade anywhere close to a million contracts at one clip anyway.

    These huge SPX option trades were the biggest fin news of the day.

    JP Morgan 3-2023 expected to reset 125,000 S&P contracts, causes big worries.
    Wells Fargo 10-2022 82,000 S&P call contracts, cause a parabolic 2% inter-day reversal.
     
    Last edited: Oct 8, 2023
  10. SunTrader

    SunTrader

    Starts idiotic 1,000,000 option contracts topic = Troll
     
    #10     Oct 8, 2023
    Drawdown Addict and p0box4 like this.