Reverse-Engineering Risk For Quant Trading Strategies
After years of development, Alphacution is on the verge of significant breakthroughs in research output given ongoing enhancements to its curated 13F dataset, including strategy sector bias. These are the first samples of those breakthroughs...
The World After Derivative Securities Saturation
Alphacution builds on its ongoing "derivative securities saturation" theme including the combined proliferation of stock options, index options, equity futures options, exchange-traded funds (ETFs), and ETF options...
Alphacution Publishes “The Transformation of Belvedere” Case Study
In this 72-page, 75-exhibit, 17,400-word case study, “The Transformation of Belvedere,” Alphacution publishes its findings on equity index option specialist, Chicago-based Belvedere Trading. Founded in 2002 with a current team of ~300 employees, Belvedere’s story represents a unique addition to the Alphacution research library due to the significant strategy transformation it has undergone over the past few years while maintaining its strengths in SPX options. This case study also provides key comparisons and new context on the US-based strategies of legendary Amsterdam-based option houses, Optiver and IMC Financial Markets, along with new insights on the boom in zero days to expiry (0DTE) options and their impacts on a broader constellation of US option market makers…
Group One Trading: Through The 0DTE Lens
Group One Trading is not participating in the zero-days to expiry (0DTE) option boom. And yet, Alphacution shows how its data yields a pattern that illustrates certain 0DTE impacts on the broader US option market...
Robinhood Drops a Load on Morgan Stanley
Alphacution details anomalous behavior between Robinhood, Morgan Stanley & Co, and other wholesale market makers in recent retail option order flow...
0DTE SWAG, Part II: Retail Share of Index Option Volume
Alphacution improves its estimate for retail traders' share of US equity index option volume...
Retail Equity Option Review – Q2 2023 (Updated)
Alphacution updates its comprehensive review of retail option activity - including breakdowns by wholesale market maker and retail broker - through June 2023...
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...
