IWM
iShares Russell 2000 ETF
stock NYSE ETF

What was the profit on the IWM puts?

I am currently scaling a systematic, market-neutral strategy (SPY/SPX delta-neutral rotations) and have hit a ceiling with IBKR’s rigid autoliquidation and lack of portfolio margin flexibility. I am finalizing a relationship with **Clear Street** and wanted to vet their "plumbing" with anyone currently running institutional flow there.
**The Strategy ("The Bill"):** High-volume, delta-neutral rotations. Specifically: Shorting deep-ITM calls against long underlying, requiring aggressive spread capture and sub-100ms hedge triggers.
**The Term Sheet Asks:** I am pushing for a customized facility. I’d appreciate feedback on whether Clear Street (or **Dash Prime/WEX**) is actually playing ball on the following:
# 1. Custom Credit & Risk-Based Haircuts
Since Clear Street is self-clearing, how much discretion have you seen regarding intraday leverage for hedged books? I need a risk-based exclusion for my box spreads and a lower margin coefficient on the delta-neutral legs than standard Reg-T or basic PM.
* *Has anyone successfully negotiated a "fixed-haircut" model rather than a dynamic risk-based one?*
# 2. Execution: Fox Algos vs. Adverse Selection
My strategy relies on capturing the Midpoint/Ask on option legs before quotes vanish.
* **Fox Blaster (Aggressive Arrival):** Does this actually "sweep" effectively, or is the signaling risk too high?
* **Fox Dark Attack:** For IWM/SPX, are you seeing genuine price improvement in dark pools, or is it just adding latency to the fill?
* **Manual vs. API:** For 25¢ gaps, is their API SOR smart enough to join the COB passively, or am I better off using their high-touch desk for "working" the orders?
# 3. API Plumbing (Latency & Fill Notifications)
I’m building the auto-hedge logic in-house.
* What is the **p99 latency** on their WebSocket/FIX fill notifications?
* I need <100ms from execution to notification to trigger the share-hedge. Does their cloud-native stack (Kafka-based) actually deliver this, or is there "micro-burst" congestion during peak volatility?
**The Bottom Line:** I'm looking for a partner, not just a pipe. If you’ve moved from an Apex shop (Dash) to Clear Street, was the "single-ledger" tech actually worth the migration, or is Dash’s options-specific SOR still the gold standard for spread hunters?

WMT has been killin it for me lately, but its high now too so...same with IWM, KO, VZ, DG etc. all my solid plays are real high so that makes me nervous. always NVDA tho too. if you think MAG7 will bounce you can fuck with that (per my flair)

Do the following:  Go to Google finance.  Pull up SPY.  Look at the 1 year and 5 year.  Note over and over and over again the frequency of quick dips and rebounds.
Yes, sharp volatility like this proceeds major dumps, but absent major macro I'm not sure what it could be.  I'm deleveraged and sitting on 20% cash in case.
My opinion is this is a cycle out of industries.  Tech is hot.  Mag 7 was hot.  People are looking for value.   SCHD is up.  IWM is up.  
I'm bullish on AI so I'm staying in growth and data center supply chain for now.   MAG7 have had all the time in the world to rethink capex.  Im staying in.

SPY 0DTE, using Schwab 1sec data aggregated to 1 min bars. Indicators calculated at 1 min intervals, but entries evaluated at 1 sec.
20 min BB 2 std crossing VWAP 2 std on either side.- it has been decent since November, but aug to nov was a crap shoot.
I am also back testing using 2 year 1 min history data from polygon. Once I go back more than 6 months no strategy seems to have an edge.
So I am doing a roll forward every 30 days to see if 31st day have an edge. Still investigating.
I will check out IWM and QQQ. May be more luck there.

SPY, QQQ, and IWM are the go-to for mean reversion. IWM reverts the most cleanly since small caps are less efficient.Start with daily bars. Intraday works but the open and close tend to trend.. midday is where reversion actually shows up. 0DTE is tricky for mean reversion because gamma makes everything path-dependent. The edge on 0DTE is usually in volatility reversion (selling premium when IV > realized) rather than price reversion.Totally different playbook.
What are u trading right now?

And I mean the candle on SPY, QQQ and IWM

Dude I'm thinking about trading even with NDX slopping down, I'm sure we'll find plenty of setups in the volume rotation into AI sector, you can see IWM and SPY doing well while NDX ranged the past months...
Could be wasted time not to trade right now just because the QQQ are under the 10 and 20. Thoughts?
Also it's funny seeing all the retards shitting on technicals. It's actually nice how it keeps the retards away from what works lol

FSPSX has approximately 700 large & mid cap companies from developed markets. Similar ETFS: EFA (tracks the same index, 700 large & mid cap companies), and SCHF (also developed countries, large cap companies, but has 1500 instead of 700).
FSSNX: Has about 2000 small cap funds. Similar index ETFs: SCHA, VB, IWM
FXAIX: VOO, SPYM, or for an ETF with zero expenses that is super close: BKLC
FXNAX: BND, AGG, SCHZ, SPAB
All that said, your current holdings are extremely low cost, I wouldn't be looking to change them based on expenses or anything like that. Mutual funds are perfect for retirement accounts IMO.

I think a simpler way of putting it is that there’s a rotation out of tech into other sectors that either got hit hard by tariff fears or are positioned to do well whether or not tech booms.
The fact that qqq couldn’t hit its previous ath before collapsing should be a giveaway. It would take all the software companies coming back and/or the mag 7 that are spending big for it to just come back to where it was a week ago.
I think it’s safer to go long IWM and SPY but yes be cautious about QQQ popping off again.

What was the profit on the IWM puts?

I am currently scaling a systematic, market-neutral strategy (SPY/SPX delta-neutral rotations) and have hit a ceiling with IBKR’s rigid autoliquidation and lack of portfolio margin flexibility. I am finalizing a relationship with **Clear Street** and wanted to vet their "plumbing" with anyone currently running institutional flow there.
**The Strategy ("The Bill"):** High-volume, delta-neutral rotations. Specifically: Shorting deep-ITM calls against long underlying, requiring aggressive spread capture and sub-100ms hedge triggers.
**The Term Sheet Asks:** I am pushing for a customized facility. I’d appreciate feedback on whether Clear Street (or **Dash Prime/WEX**) is actually playing ball on the following:
# 1. Custom Credit & Risk-Based Haircuts
Since Clear Street is self-clearing, how much discretion have you seen regarding intraday leverage for hedged books? I need a risk-based exclusion for my box spreads and a lower margin coefficient on the delta-neutral legs than standard Reg-T or basic PM.
* *Has anyone successfully negotiated a "fixed-haircut" model rather than a dynamic risk-based one?*
# 2. Execution: Fox Algos vs. Adverse Selection
My strategy relies on capturing the Midpoint/Ask on option legs before quotes vanish.
* **Fox Blaster (Aggressive Arrival):** Does this actually "sweep" effectively, or is the signaling risk too high?
* **Fox Dark Attack:** For IWM/SPX, are you seeing genuine price improvement in dark pools, or is it just adding latency to the fill?
* **Manual vs. API:** For 25¢ gaps, is their API SOR smart enough to join the COB passively, or am I better off using their high-touch desk for "working" the orders?
# 3. API Plumbing (Latency & Fill Notifications)
I’m building the auto-hedge logic in-house.
* What is the **p99 latency** on their WebSocket/FIX fill notifications?
* I need <100ms from execution to notification to trigger the share-hedge. Does their cloud-native stack (Kafka-based) actually deliver this, or is there "micro-burst" congestion during peak volatility?
**The Bottom Line:** I'm looking for a partner, not just a pipe. If you’ve moved from an Apex shop (Dash) to Clear Street, was the "single-ledger" tech actually worth the migration, or is Dash’s options-specific SOR still the gold standard for spread hunters?

WMT has been killin it for me lately, but its high now too so...same with IWM, KO, VZ, DG etc. all my solid plays are real high so that makes me nervous. always NVDA tho too. if you think MAG7 will bounce you can fuck with that (per my flair)

Do the following:  Go to Google finance.  Pull up SPY.  Look at the 1 year and 5 year.  Note over and over and over again the frequency of quick dips and rebounds.
Yes, sharp volatility like this proceeds major dumps, but absent major macro I'm not sure what it could be.  I'm deleveraged and sitting on 20% cash in case.
My opinion is this is a cycle out of industries.  Tech is hot.  Mag 7 was hot.  People are looking for value.   SCHD is up.  IWM is up.  
I'm bullish on AI so I'm staying in growth and data center supply chain for now.   MAG7 have had all the time in the world to rethink capex.  Im staying in.

SPY 0DTE, using Schwab 1sec data aggregated to 1 min bars. Indicators calculated at 1 min intervals, but entries evaluated at 1 sec.
20 min BB 2 std crossing VWAP 2 std on either side.- it has been decent since November, but aug to nov was a crap shoot.
I am also back testing using 2 year 1 min history data from polygon. Once I go back more than 6 months no strategy seems to have an edge.
So I am doing a roll forward every 30 days to see if 31st day have an edge. Still investigating.
I will check out IWM and QQQ. May be more luck there.

SPY, QQQ, and IWM are the go-to for mean reversion. IWM reverts the most cleanly since small caps are less efficient.Start with daily bars. Intraday works but the open and close tend to trend.. midday is where reversion actually shows up. 0DTE is tricky for mean reversion because gamma makes everything path-dependent. The edge on 0DTE is usually in volatility reversion (selling premium when IV > realized) rather than price reversion.Totally different playbook.
What are u trading right now?

And I mean the candle on SPY, QQQ and IWM

Dude I'm thinking about trading even with NDX slopping down, I'm sure we'll find plenty of setups in the volume rotation into AI sector, you can see IWM and SPY doing well while NDX ranged the past months...
Could be wasted time not to trade right now just because the QQQ are under the 10 and 20. Thoughts?
Also it's funny seeing all the retards shitting on technicals. It's actually nice how it keeps the retards away from what works lol

FSPSX has approximately 700 large & mid cap companies from developed markets. Similar ETFS: EFA (tracks the same index, 700 large & mid cap companies), and SCHF (also developed countries, large cap companies, but has 1500 instead of 700).
FSSNX: Has about 2000 small cap funds. Similar index ETFs: SCHA, VB, IWM
FXAIX: VOO, SPYM, or for an ETF with zero expenses that is super close: BKLC
FXNAX: BND, AGG, SCHZ, SPAB
All that said, your current holdings are extremely low cost, I wouldn't be looking to change them based on expenses or anything like that. Mutual funds are perfect for retirement accounts IMO.

I think a simpler way of putting it is that there’s a rotation out of tech into other sectors that either got hit hard by tariff fears or are positioned to do well whether or not tech booms.
The fact that qqq couldn’t hit its previous ath before collapsing should be a giveaway. It would take all the software companies coming back and/or the mag 7 that are spending big for it to just come back to where it was a week ago.
I think it’s safer to go long IWM and SPY but yes be cautious about QQQ popping off again.