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To make sure that a difference between the average Sharpe Ratio of this sample of traders and the market is not driven by the specific dates at which our traders are observed, we computed the market Sharpe by weighting the market monthly returns with the number of traders observed each month (Note S1).
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Traders observing narrower bid-ask spreads (greater liquidity) for specific stocks, and more generally for the market overall, will react by actively trading the stock, increasing the volume of quotes, and therefore the volume of trading.
Option traders were observed getting bullish in the June contract, with about 12,000 calls purchased for 33 cents each.
Option traders were observed making bullish bets in the August contract by positioning for continued upward movement in the price of the stock.
One option trader was observed bracing for continued bearish movement in the stock as he established a put spread in the October contract.
"The sizzling steak and the celebratory trader," the magazine observed in its table of contents.
Drawing on the Stock Trader's Almanac, he observed that the years immediately after presidential elections have been by far the worst for the stock market, with a cumulative gain of just 75percentt going back to 1832.
He observed how young traders sported "nice clothes that were not terribly tailored," took in Wall Street tropes like using "bucks" to signify millions, and parsed the unofficial pecking order of the desks based on who fetched coffee and eggs for their bosses.
Ms. Zaloom observed that, though pit traders were once the first to see bids and offers, electronic trading has leveled the playing field.
The practice of pooling milk from different sources by traders, and the absence of pasteurization generally observed among them could increase the risk posed by such organisms.
Additional bullish action was observed at the November 5.0 strike price where traders shed 2,900 puts for 46 cents a-pop.
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CEO of Professional Science Editing for Scientists @ prosciediting.com