Jeffrey McLarty

You can now follow my money printer, on twitter.  http://www.twitter.com/MoneyPrinter.  It is a feed of my algorithmic actively managed market-making buy-write.  It’s everything including sent orders (SO), canceled (CO), and executed (XO), as well as my observations…and anything else.  ‘w’ means ‘write’ and ‘c’ means ‘cover’.  Right now, it’s produced manually, as are the trades. I funded $11K Canadian and the manual part of my algorithm has me writing puts to get assigned.  I decided it would be better not to do this part for the initial round, and instead start the algorithm already long…that way I can get the automatic portion up and running quicker.  I’m still working on the automatic version, but to do that, I need a better feel for the liquidity, because the automatic version will take constants to tweak things.

So, I bought 100 SSO $76 and 100 HXU at $35.53 on friday afternoon, soley because it’s the May option expiry…that way I start with one entire month.  I would have bought more HXU, I’m planning on doing so, before June, but I just need to transfer another ~15K into Interactive Brokers.

Eventually, I’m going to get my algorithm to tweet the orders it sends, automatically…but this likely won’t be done until July.  It’ll be super cool to just get tweets on my phone telling me the trades the algorithm is making.

I’ll publish summaries after a bit of time.