OpenGamma

Order Flow & Greeks analysis. Former Investment Manager. OpenGamma- AI integrated options platform for Futures Traders.

[OpenGamma @NQMarketProfile]

@XennialTrader It was billed as pay per usage from first release. Just basic price discrimination that most corps partake in. There will always be people willing to pay for the top tier shit, even if its only 5-10% better.

[OpenGamma @NQMarketProfile]

Not sure if this will happen, but I'd love a test of 30477 on the NQ to sell off 200-400 pts as an opening drive today. After that we'll see. Not a prediction.

[OpenGamma @NQMarketProfile]

@Heckler511 @excathedraa @Crowded_Mkt_Rpt I'm just telling you how it's actually done. The trades are being calculated today based on yesterday's NAV of the underlying pooled funds. Performance is reported over the quarter before rebalancing. Asset allocation funds may be different I can only speak for pensions.

[OpenGamma @NQMarketProfile]

@excathedraa @Crowded_Mkt_Rpt Not sure what they're referring to (internal funds?), but that's not how pension funds work which maķe up the bulk of institutional money.

I did rebalancing for pension Schemes with clients from around 100 million to 6 billion AUM. It's fairly standard across the industry.

[OpenGamma @NQMarketProfile]

Haven't had time for Substack plans recently but the plans go out on Discord daily

Sat on this RTY trade today due to JOLTS unfortunately but hopped on Nasdaq buys yesterday

That feeling when you're hovering over the button then you watch it sail to target without you

[OpenGamma @NQMarketProfile]

@VolSignals Pension rebalancing flows - they use EOQ prices (except those that are rebalanced weekly or monthly). By the time the calcs are done, checked and approved by the client the trades go in a couple of days after quarter end at the earliest.

[OpenGamma @NQMarketProfile]

@deredleritt3r Completely missing the point. It's half the price. Imagine you're running a team of consultants and have 100 tasks to do. You don't give them all to your highest paid consultant, you divide them up and give the more routine task to the juniors. This has to be engagement bait.

[OpenGamma @NQMarketProfile]

@KobeissiLetter I've done thousands of rebalancing trades for pension funds up to £6bn GBP. We always, without exception, used end of quarter prices (apart from those that did it weekly or monthly). But it was always after the quarter ends, not in the run up.

[OpenGamma @NQMarketProfile]

@TerryR54963 @NS_1872 Came here to make same joke, unfortunately you beat me 😅

[OpenGamma @NQMarketProfile]

@KevinTheRanter Do something about it then, put yourself to run as an MSP. Complaining on social media is just pissing into the wind.

[OpenGamma @NQMarketProfile]

You'll basically need to turn one of your spare rooms into a dedicated server room even if it did exist.

OP is basically correct, writing was on the wall when copilot switched to token based charging. Extract value from users and devs by giving it away for cheap then gate it when the models can train themselves.

[OpenGamma @NQMarketProfile]

Happy to be proven wrong here but it's looking bullish to me, ES up to 7530-50 today if we break out of the two day range, potentially 7630ish by EOW. If we broke through 7440 I'd concede this and look for the other side. Wait and see after open obviously.
Also brutal performance by Scotland damn

[OpenGamma @NQMarketProfile]

@shrimpius Get on the Russell- less dicking around, Nas is fine if you have a strong trend going

[OpenGamma @NQMarketProfile]

You know, I'd agree with most of what you say here but the massive elephant in the room is the disastrous spending spree by Sunak during the COVID era, experimental monetary policy which raised inflation and asset prices. A direct monetary transfer from the salaried class to asset owning class.

So before you can even entertain the notions you're speaking about we cannot be running debt at 100% of GDP, with inequality now at levels where it's creating social unrest which is only getting worse, approaching levels of division we see in the US. All the unrest we're seeing is really a result of people feeling like they've been competely forgotten about economically. I don't think that's the government's role, but if it was them and the central bank that put them there then the conversation changes.

You post theoretical models like the Laffer curve, as if the Treasury are unable to model the result of fiscal / monetary decisions. There needs to be an acknowledgement that MMT and drastic overspending needs to be redressed. If it's not with temporary wealth taxes, what is it going to be? Another Truss style Thatcherite budget- fingers crossed it doesn't crush DB pension Schemes again? Or raise taxes on work on people who are already massive struggling and leave the asset owning class completely alone?

You're assuming perfect capital mobility but I think this is far from accurate. We have some of the best Universities in the world, people will still want to have their kids educated here. The only other alternatives are the other Anglophone countries, US/Canada/Australia.

Again I have some sympathy with your positions. Getting to that place needs some redress of the disastrous policies of the last 15 years or so. It needs a utilitarian approach and if that's wealth taxes on the understanding its a temporary measure, so be it.

[OpenGamma @NQMarketProfile]

Trades I took today. First was a solid entry, went into profit, but poor trading on my part I let it stop me out for a loss. Held the 0dte/1dte Put wall, where they intersected.
Traded the second rejection buy, which closed near the top of the IB. Puts me in profit to the day.

Charm is strongly bullish and rising all session.

Third entry was the money maker, RUT and IWM gamma neutral and VAL holds for ATHs. 2 win 1 loss.

[OpenGamma @NQMarketProfile]

@TradersParadise Apex are thugs. I'm shocked they're still in business.

[OpenGamma @NQMarketProfile]

And there's the ATH, beautiful trade on the Russell today

[OpenGamma @NQMarketProfile]

RTY 96 is the level to hold

[OpenGamma @NQMarketProfile]

Despite rotation out of tech- RTY is one that looks like it could punch an ATH today. As for ES/NQ, I think will be spared from an immediate sell off and would like to see above yesterday's high and see what happens later in the session. ES -if it can hold above 7457, may see the first hour develop in 7457-7508 range.
Should say I'm overall bearish on the ES/NQ and will probably stay away from buys even though I suspect that's the first move. Weekly VIX expiry days can be deceptive in the first 30 mins. RTY buy, if anything, seems better.