Wolverine Trading and Meme Stock Options
One of the more fascinating discoveries made in Alphacution's recently published case studies on US Equity Option Market Makers comes to us from Wolverine Trading...
Wolverine Trading and Meme Stock Options
One of the more fascinating discoveries made in Alphacution's recently published case studies on US Equity Option Market Makers comes to us from Wolverine Trading...
Retail Option Market Share, Q1 2024 w Tradier, eToro
Alphacution provides its Q1 2024 update on the retail customer share of US equity option volume - including new data from Tradier, eToro, and Public.com - along with a teaser for our comparative model on option DARTs by broker...
Public.com: Early Post-Option Launch Stats, And Other Tasty Treats…
As promised, Alphacution provides an analysis of Public.com's first official months after the launch of its option offering to customers, along with a comparison of critical stats with other retail brokers. As a bonus, this Feed post also found its way into a deep dive on average option PFOF rates by broker, with specific findings on Tastytrade...
More Fun With Robinhood: Mea Culpas
Alphacution falls on its sword to admit errors in attribution of equity index option activity to Robinhood - and offers an explanation for why occasional mistakes like these are a necessary evil of our research process...
PFOF Pfizzles, Crypto Sizzles
Alphacution provides additional evidence - via Robinhood - that option order routing revenue, the primary source of PFOF, is being negatively impacted by retail adoption of 0DTE option trading - as well as emerging indications of a resurgence in crypto trading...
Public.com Enters The Option Fray, With A Twist
Public.com - the emerging retail brokerage platform that actually appears to be trying to "democratize finance" rather than merely pay lip service to the concept - launched option trading functionality in Dec 2023 with a brokerage model that is unique relative to all other retail brokerages. Alphacution provides context and exposes some fascinating details...
Weekly Options Cannibalize PFOF
With latest data in hand, Alphacution shows that the zero-day option (0DTE) phenomenon has contributed to long-term declines in aggregate payment for order flow (PFOF) levels thereby causing a ripple of subtle and not-so-subtle impacts in the market ecosystem...
Morgan Stanley: Swimming Against The Tide
Returning to a provocative thread from late 2022, Alphacution updates some of Morgan Stanley's latest moves in wholesale market making...
PFOF Cage Match, Q1 2023
Alphacution shares highlights - and lots of charts - from the most recent trove of PFOF data...
