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0DTE, Black Swans and ProTraders on Russia’s Economy: tastylive's Weekly Roundup

By:Eric Villa

Our best stories on YouTube this week.

  • Tom Sosnoff's old friend shares his secrets to being a market maker. 
  • We created quantifiable proof you are not Michael Burry. Why calling the top is an incredibly difficult strategy. 
  • Chris Vecchio, CFA, shares his thoughts on trade ideas from the conflict in Russia with Tom and Tony. 
  • Anton Kulikov’s newest study provides insight into managing 0DTE trades successfully. 

While Tom’s beret sits somewhere in London, the tastylive team has been hard at work running research pieces, busting popular myths and analyzing major themes in geopolitics. Here’s what you missed this week from tastylive:

A market maker shares an inside look at placing winning trades

Shelly Natenburg, a seasoned trader with more than three decades of experience, provides valuable insight into placing winning trades as a market maker. Shelly, a trusted friend of Tom Sosnoff, offers strategies and techniques used in market making. Whether you're a beginner or an advanced trader, this talk presents terrific ways to enhance your trading skills.

Shelly's takeaways include:

  • Understanding the principles of supply and demand is crucial for market makers looking to determine the perceived value of a contract in the marketplace. By grasping these dynamics, traders can anticipate price movements and identify favorable trading opportunities.
  • Market makers employ a combination of arbitrage relationships and theoretical evaluation to assess the worth of a contract. Recognizing and capitalizing on pricing discrepancies can give traders a competitive edge.

Stock market crashes (probably) won’t make you rich

While Michael Burry's success story may be fascinating, statistics show getting rich from a stock market crash is unlikely. Frank Kaberna delves into the data to explore the feasibility of profiting from black swan events. To gain a comprehensive understanding of his findings, watch the video above.

Where’s the opportunity in Russia’s economic breakdown?

Chris Vecchio, CFA, monitors the relationship between markets and the war in Ukraine. In the video above, he joins veteran traders Sosnoff and Tony Battista in a discussion of the current state of play with Russia.

Here are some takeaways:

  • Recent events in Russia, including potential geopolitical turmoil and speculation about a coup, have generated concern and inspired a diversity of opinion. Understanding the situation and its impact on the markets is challenging, even for well-read individuals with geopolitical knowledge. Russia's complex dynamics and opaque decision-making make predicting outcomes difficult.
  • Russia faces significant challenges and may require a long time, possibly 10 to 20 years, to recover. The actions of the current leadership have damaged the country's economy and international standing. Rebuilding trust, attracting investment and regaining the confidence of multinational corporations will be crucial for Russia's growth and development.

When’s the right time to cash out with 0DTE options?

Anton Kulikov, a member of the research team at tastylive and an active 0DTE (zero days to expiration) options trader, presents a study of best practices for 0DTE.

Kulikov's study reveals the following takeaways:

  • Managing 0DTE positions aggressively, closely matching them and taking profits before the market closes can yield favorable results. This requires lower profit targets, conservative stop losses or frequently re-centering the position throughout the trading day.
  • Combining management techniques—such as adjusting profit targets, stop losses and re-centering the position—can lead to greater profitability, compared to implementing them individually. Compound mechanics can enhance performance and reduce risk, surpassing the use of stop losses alone.
  • Being more active in managing 0DTE options tends to result in better overall performance. Managing winners by taking profits at a predetermined percentage can positively impact the percentage of winning trades and overall profitability.

For Kulikov's comprehensive article, click here, or watch the video above.

Eric Villa is a YouTube programming specialist at tastylive.

For live daily programming, market news and commentary, visit tastylive or the YouTube channels tastylive (for options traders), and tastyliveTrending for stocks, futures, forex & macro.

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