Speculating on Speculation: Robinhood Joins S&P 500
Robinhood disrupts its way into membership in the S&P 500 index. Alphacution offers some charts - and thoughts - on the significance of this market milestone, including a new "torque" factor...
24/5: Exporting US Equity Market Access
In support of its great "sentiment engine," there's a rush to develop the next big wave of retail trading in the US. The irony here - with all the recent sabre-rattling around tariffs - is that this new wave requires exporting access to US equity markets to additional retail investors around the world. Alphacution adds significant new evidence to its ongoing case on the matter...
Size Matters? Retail Option Order Analysis
Alphacution adds new perspective to its retail option order flow analysis; develops model to estimate retail option order size (in contracts) by order type and broker. Bottom line: "Frictionless" trading caused total retail option orders to maintain a level that is at least triple that of late 2019...
More 0DTE Insights: Thing 1 Doesn’t Always Change Thing 2
Alphacution publishes new charts comparing SPY options, SPX options, and SPX futures options to illustrate the blessing - and curse? - of the 0DTE phenomenon, reliance on retail investors, and market concentration risks...
The Mania Market And The Emotional Money
For the longest time, the use of technology gradually removed excess costs and other inefficiencies from financial markets. This evolution wasn't just about speed, although that was a key element. And then advanced quantitative trading techniques, social media techniques, and mobile-first technologies converged. This is Alphacution's view on what's happened since and what that means for the road ahead...
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...
Shape Shifter: US Retail Investor Behavior
Alphacution presents new perspectives on US retail investor behavior in equity options...
Alphacution Press: Wall Street Journal on Retail Investor Market Retreat
The Wall Street Journal's Gunjan Banerji uses Alphacution's estimates in "Some Amateur Investors Retreat From Markets."
Alphacution Press: WSJ on Simplex’s Potentially Abusive Option Strategy
Alphacution provides data and analysis for The Wall Street Journal's Alexander Osipovich article, "High-Speed Trader Simplex Warned About Potentially Abusive Options Strategy."
