"when i did buy or sell program (in the 1990-1993) we get Merrill citi
goldman
met life JP Morgan and others to the table
we chose what calls to buy what puts to sell short,, what stocks to buy and
how many futures contracts to buy
(each program was OVER 1 billion dollars)
the net profit for a push of a bottom averaged 5% for a 10 minutes
job
the computer does all
it Buys the options first then it sells the puts then it buys the futures
and last
it buys the stocks (highest weighted sp500 in the index)
when the futures peak, it sells twice the futures it bought. Then sells the
calls then buys back the puts and last sells DOUBLE the amount of stocks etc."