🏅 Top traders

@10thOfficial wanna bet more at 15%? order up six hours

@strutheo i'm assuming intraday counts?

@brod I'd assume intraday, but not before or after hours.

@HillaryClinton yes

@HillaryClinton let’s bet 🫡

@brod I'm out of Mana haha. I got absolutely destroyed on him reaching 1 trillion by 2029. Damn lawsuit he won.

@HillaryClinton hmu when your daily loan comes through, better price up

@brod game?

@HillaryClinton put some more up, lower after no movement today though

@brod see you tomorrow for my Christmas loan.

Don’t underestimate the psychological barriers to symbolic milestones.

@MachiNi If that was real, you could sell calls with strikes at every multiple of 100 and get positive EV

@spiderduckpig you could

It is a thing, e.g.:

• https://econpapers.repec.org/article/cupjfinqa/v_3a28_3ay_3a1993_3ai_3a03_3ap_3a313-330_5f00.htm

• https://www.sciencedirect.com/science/article/abs/pii/S106294081630002X

• https://onlinelibrary.wiley.com/doi/abs/10.1111/1540-6261.00588

@MachiNi I will note those articles predominantly focus on empirical research done over 20 years ago, when electronic and algorithmic trading was probably only around 40% of volume and not 95+%. The first and third are from back then, and the second article mainly cites articles from back then or uses data up to 2012. It's an entirely different market regime now.

thats wild

@spiderduckpig fair enough. I still think price clusters and resistance are real but also the effect is small and temporary. Of course the barriers get crossed all the time.

paging @MolbyDick