Aside from the manipulations I came up with an option strategy that would take advantage of the volatility of the market opens/closes... essentially capatilizing on the fact that the theta did not price in volatility at market open on days where options were set to expire in 2 to 3 weeks and previous days didnt have crazy volume. Essentially you would straddle both sides and sell the profitable side once you double up or more depending on what time it is.... and then hold the losing side until expiry or you see fit as a free trade... idea is you would hit homeruns with no risk other than the theta of the option but you are only holding for a few hours so the theta vs the potential to have unlimited gains was a win win for me... I did some paper trades and noticed that alot of mornings the theta would drastically change and gave up but I know its a killer strategy as out of 10 days it would give me more than half profitable days (an edge)... I just didn't have the time to really automate it or put a large sum of cash in an exchange to try it out.. would mean getting up at 5am every morning too so I left it for a rainy day... wonder if anyone has had experience with a system like it? I know some start up trading firm in NY was highlighted after it raked in millions for doing something very similar.

no

They shouldn't be called markets anymore.

Based on breadth of the last drop, I will dare calling the stawks dip over.

If I had to keep something from these days, it is the defeat of the crowd who knew nothing about correlation and insisted the stock market went together with BTC based on 5 years of bull market in perfect coincidence with the life of a new, transparent, groundbreaking math-based asset class.

i wasn't referring to your straddle when i said that i am exposed to infinite losses via long term trading.

i think i understand what you're saying regarding your theta trade.  it presumes a repeating pattern of 6h or so of downward movement with a late day ramp?  you set up the straddle at the open, let them market grind down until your put has approx doubled or whatever, cover the put, and then wait for the last half hour spike?

my point was, why not just buy 2h before the close?

CDS 5y signals danger:







even the US.  see that little hook up at the end?:

great to hear EFF supporting Bitcoin:

https://www.eff.org/deeplinks/2014/10/beware-bitlicense-new-yorks-virtual-currency-regulations-invade-privacy-and-hamper

Didn't wikipedia get something like ten's of thousands of bitcoins from that guy who had hundreds of K and gave them all away when they were relatively cheap? I suppose they sold them off later when they hit $50 or something?

I thought there was a guy who gave away thousands to them already... cant google it... somewhere on this forum.