Writing options for a living

Discussion in 'Options' started by torontoman, Jul 28, 2005.

  1. lmao, 100k a month. I believe he was talking assets, not contract volume. What superior analytics and fills? Is this new math?
     
    #831     Aug 2, 2006
  2. Lol, oops, never know with guys like you and sle. actually, if you do significant volume, they can quote you up to 500k/mo. you can pay $.35 per. some index option fees may apply. Here's a snippet of what they offer:

    Financial Engineering »

    * Statistical correlations
    * Option pricing and volatility surface algorithm development
    * Trading simulators using tick data for equities, options, futures

    Historical Tick Data »
    We have a database of historical data. We have every trade and every quote on every stock, equity or index option or future in the US. That is only half the battle though. With so much data you need the tools to help you manage it and pull out the pieces you want. We provide these tools which include a simulator and special indexing and query software that will enable you to see the data in the way that you want and import it into Excel or any proprietary system that you may have.

    Real-time Automated Trading System »

    * Relative Value Trading
    * Pairs Trading
    * Long/Short strategies
    * Statistical Arbitrage
    * ETF Arbitrage
    * Risk Arbitrage

    RATS is designed to help traders maximize their trading opportunities while minimizing the time and energy looking and executing these trades. With its real-time monitoring, customizable trading parameters and automated execution, RATS is a technologically advanced solution for traders seeking an advantage. RATS continuously monitors market conditions, trading objectives, and time horizons to compute the best order type and destination at any point in time. This strategy can also provide varying degrees of automated execution. Many traders prefer to confirm signals before initiating a trade but don't want to manage execution details once the opportunity has been confirmed. For this type of user, RATS provides automatic order management, ensuring that trades stay dollar balanced and only occur if they meet or exceed the trader's criteria.

    * Monitor and analyze ETFs and underlying stocks in real time
    * Keep things moving with the streamlined, one-click interface
    * Instantly act upon trade alerts whenever pair prices reach predefined levels
    * Automatically set orders, route them to multiple markets, and electronically execute trades
    * Use the autotrading option to automate the entire process
    * Minimize implicit trading costs with built-in cost-management toolsder's value criteria

    SXE Execution Connectivity Solutions »
    We provide an application architecture that can be used for all aspects of electronic trading and address the technical issues of order routing and financial information exchange.

    * Routing engine
    * Exchange gateway interface using the FIX protocol or proprietary protocols
    * Application API's
    * Monitoring tools
    * Simulation tools
    * Configurable message routing
    * Message translation
    * High availability fault tolerance
    * High speed messaging
    * Multi threaded architecture
    * Handle multiple connections
    * Message validation and management
    * Written in C++ to run on Windows, Linux or Solaris. This system is capable of handling 100,000+ messages/second from hundreds of clients on a dual 2.8 Ghz Xeon machine

    SXA Real-Time Analysis »
    SXA is an analytical engine specifically designed for the professional options trader. This analytical tool is designed to take real time option market data and apply proprietary algorithms to the data for pricing, risk exposure, and other analytical calculations. SXA uses a proprietary real-time data basing technique to be able to efficiently handle the computational load of analytical calculations. SXA can also be tied in to a front-end application to allow for easy access to real-time position management and risk exposure for an individual trader or firm. We can work with you to input your own proprietary option pricing algorithms in to the engine. SXA is a flexible application that we customize to process your custom trade strategy algorithms or risk management systems.

    No new math, but what they do offer is money, imo.
     
    #832     Aug 2, 2006
  3. nitro

    nitro

    Who is "they" - Simplex? Do you have a link?

    nitro
     
    #833     Aug 3, 2006
  4. I've probably posted too much already as their rates are not published. Anyone interested PM me for details.
     
    #834     Aug 3, 2006
  5. Maverick74

    Maverick74

    Nitro,

    I know these guys well. I was actually the guy that referred VP to those guys. Our firm and his firm work together on a lot of stuff. And if you weren't busy tonight, you could actually meet them tonight at the Motel Bar. Rest assured, these guys are for real.
     
    #835     Aug 3, 2006
  6. Maverick74

    Maverick74

    These guys trade 2.5 million option contracts a month.
     
    #836     Aug 3, 2006
  7. Yup, I know. Again with the new math and superior intellect which allows these geniuses to buy the offer and sell the bid with alacrity and unheard-of edge.

    [​IMG]

    The kid with the v-neck just traded a box at $40k in edge... telekinetically!
     
    #837     Aug 3, 2006
  8. Is Matt Gray related to the Gray-family of G-Bar?
     
    #838     Aug 3, 2006
  9. Maverick74

    Maverick74

    Actually these guys are the real deal. You should see their shop, it's pretty over the top. They make Nitro look like he has never seen a computer before. LOL. And the guy that runs it is the biggest overachiever I have ever met in my life.
     
    #839     Aug 3, 2006
  10. Maverick74

    Maverick74

    No, but everyone asks me that. Those Gray's own a piece of Options Express now.
     
    #840     Aug 3, 2006