Guest Post: Tactical Impacts of 0DTE Boom
Guest Post: Derivatives specialist, Don Dale, shares key missing pieces to the 0DTE option puzzle...
Top 10 ETFs for Traders, And Then Some…
Alphacution makes a case for the best - and worst - ETFs for active traders, even at the risk of increased market concentration...
Market Concentration: 0DTE Option Volume by Product
Based on new data, Alphacution estimates the total zero days to expiration (0DTE) option volume attributable to index-related products...
Retail Stock Traders: Return to 201X?
Are retail investors becoming "burned out" on stocks? Alphacution makes its case...
Alphacution Press: Time Magazine on Peak6 Co-Founder Jenny Just
"I tell women, ‘You don’t have to be a trader the rest of your life. But if you can understand options, you can sit at any table in any industry, in any position, and understand what’s going on with the money. And that’s where all the decisions are.' "Jenny Just, Co-Founder, Peak6 This one lands a little close to home for me... Jenny Just and I were contemporaries - in both cases, our first jobs out of college; [...]
US Stock Market Has Sprung A Strange Leak
The US equity securities "universe" demonstrated an unprecedented expansion from mid-2020 through mid-2022. Alphacution illustrates how this macro trend has turned - along with possible impacts - via the data of leading wholesale equity market makers...
PFOF Cage Match, Q1 2023
Alphacution shares highlights - and lots of charts - from the most recent trove of PFOF data...
0DTE SWAG: Retail Share of Index Options
Alphacution found a few grains of new data and used them to estimate the retail share of US equity index volume...
Case Study: “IMC Financial Markets and the 0DTE Option Boom”
In this 98-page, 115-exhibit, 22,400-word case study, “IMC: International Marketmakers Combination,” Alphacution publishes its findings on global option market maker and equity index option specialist, Amsterdam-based IMC BV and its affiliates, including – most notably – its US-based affiliate, IMC-Chicago, LLC (often known as IMC Financial Markets). Founded in 1989 by two floor traders on Amsterdam’s European Options Exchange, today IMC is one of only three Tier I proprietary trading firms with legacy in the 1980’s – along with legendary option trading houses, Philadelphia-based Susquehanna International Group, LLP and Amsterdam-based Optiver BV – and one of only eight “prop firms” globally with more than 1,000 employees. Beyond showcasing certain achievements, revenue, risk framework, and trading preferences of IMC, this case study – Alphacution’s 17th such report showcasing the world’s leading technology-enhanced trading firms – also provides context for the boom in zero days to expiry (0DTE) options and its impacts on a constellation of US option market makers… This and related case studies are available to premium and enterprise subscribers or via individual document purchase…
Simplex Trading: Speed Bump? What Speed Bump?!
Alphacution assembles new evidence related to option market maker, Simplex Trading
