While the traditional floor market maker has been largely replaced by algorithmic, or ‘high frequency’ (HFT), trading firms, their trading strategies remain as relevant as ever before.
To avoid blowing out their accounts, floor market makers would constantly hedge themselves against the order flow coming into their pit. The best market makers would glance at the trading activity around them and use it determine the implied movement in the underlying.
In Trade Like a Market Maker, Keene offers straight-foward explanations of how these techniques can be applied to trading today.
This workshop covers the following (and much more!):
- Use Call-Put Ratio to Determine Investor Sentiment
- Use the Market Makers Target for Iron Condors
- Learn the Most Ideal Time of Day and Week to Trade Credit and Debit Spreads
- Learn when and why to Trade a Credit or Debit Spread
- Learn how to Potentially Profit 600% in Options Using Market Maker Targets
Andrew Keene is President & CEO of AlphaShark Trading, which he originally founded as KeeneOnTheMarket.com in 2011. Previously, Andrew Keene worked as a proprietary trader at the Chicago Board Options Exchange. He began his career in the prestigious Botta Capital ‘clerk-to-trade’ program, and would eventually co-found KATL Group.
Andrew currently actively trades futures, equity options currency pairs, and commodities. He is a regular guest market commentator on such networks as Bloomberg TV, CNBC, and Fox Business.
Keene’s first love will always be trading, but he is arguably even more well known for building a trading room. Andrew is especially proud of having taught his personal strategies to over 50,000 students over the past 4 years.
In 2015, Andrew began appearing as a regular guest on CNBC’s Trading Nation, where he focuses on educating viewers on equity options markets and the trading insights they provide. You can also find Andrew’s contributions at Nadex and Money Show.