Comprehensive Retail Equity Option Review: Q2 2024
With a suite of 14 new charts, Alphacution presents an updated review of and key highlights for retail equity option trading - including overall market share, market share by broker, and market share by wholesale market maker - updated through June 2024...
Anatomy of a Zero-Sum Game
At the end of the day, how much risk is actually in US equity options? Alphacution distills and presents some never-seen-before numbers from an unprecedented era of this zero-sum game...
Chart of the Month: ETF Positions by Market Maker
Product selection is like the DNA of a trading strategy...
Coinbase: Tracking The Big Thaw
In anticipation of growth in (renewed) interest in cryptocurrencies, Alphacution updates some of its analysis of crypto exchange, Coinbase, as a way to monitor the progress of the thawing after Crypto Winter...
Estimating The Shorts Universe
Alphacution expands on the introduction of its Strategy Factor Library with a deeper dive into its method for estimating the potential universe of short stock and short ETF securities as a component of the core trading strategy for a large group of option market makers...
Introducing Alphacution’s Strategy Factor Library
Alphacution goes wider and deeper than ever before - as part of the research for our unexpectedly exhaustive case study on US equity option markets and option market makers - to compare trading entities based on at least 84 strategy factors from the simplest factors - like securities universe or number of positions by product class - to some of the most sophisticated comparisons that Alphacution has ever attempted. In this Feed post, we publish this list - the first version of our Strategy Factor Library - as well as a ranking of 19 option market making entities by our "shorts universe" factor...
Introducing Alphacution’s Strategy Factor Library
Alphacution goes wider and deeper than ever before - as part of the research for our unexpectedly exhaustive case study on US equity option markets and option market makers - to compare trading entities based on at least 84 strategy factors from the simplest factors - like securities universe or number of positions by product class - to some of the most sophisticated comparisons that Alphacution has ever attempted. In this Feed post, we publish this list - the first version of our Strategy Factor Library...
Concentration Risk: Shape of the Option Market
Alphacution begins to present its unique - and visually quantitative - perspective on the extreme level of concentration in the US equity derivatives market...
Concentration Risk: Shape of the Option Market
Alphacution begins to present its unique - and visually quantitative - perspective on the extreme level of concentration in the US equity derivatives market...
Guest Post: In the Shadow of Concentrated Pain to Come
Guest contributor and option trading specialist, Don Dale, makes a case that the current historical level of US equity market concentration represents a structurally and economically advantageous time to act with derivatives...
