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Tim Profile
Tim

@TimTheMM

10,512
Followers
370
Following
2,064
Media
5,008
Statuses

market maker in index derivatives not trading advice

Chicago
Joined January 2022
Don't wanna be here? Send us removal request.
@TimTheMM
Tim
20 days
me trading FOMC tomorrow
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@TimTheMM
Tim
2 years
Monday
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@TimTheMM
Tim
1 year
Seeing a lot of cope, seethe, and FOMO from the NVDA crowd, so here's some advice from Uncle Ray
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@TimTheMM
Tim
2 years
Friday at the close Biden: "what's mkt here?" OPEC: "75.0 @ 75.2 size" Biden: "eh, 72 bid" OPEC: "fck off man it's 75 bid" Biden: "k" Sunday reopen Biden: "gm mate im 75.5 bid here" OPEC: "fck off" Biden: "cmon man"
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@TimTheMM
Tim
1 month
“past a certain age, a man without a groupchat full of elite traders dedicated to shitposting memes and sharing pepe frog pics can be a bad thing.”
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@TimTheMM
Tim
2 months
Men, your dream girl isn't on dating apps or at a nightclub, she's: ~ in the CBOE SPX pit ~ making markets in skew ~ drinking shower beers ~ backtesting irresponsible short vol ~ yelling at a French broker ~ Texas-hedging deltas ~ at Ceres Cafe with a triple vodka
@therobotjames
Robot James 🤖🏖
2 months
Men, your dream girl isn't on dating apps or at a nightclub, she's: ~ in the order book ~ running you tf over ~ eating adderall like candy ~ sipping pink monster ~ in a Jupyter notebook ~ making scatterplots ~ gambling size on them
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@TimTheMM
Tim
10 months
Me teaching the junior traders how to trade options flow with our model
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@TimTheMM
Tim
3 years
Shout out to the shooter who bought 86k $VIX Jun 60/70 call spreads yesterday near close. Same guy just bought 10k on the 30/50 strikes.
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@TimTheMM
Tim
8 months
“So market makers buy Treasury bonds and then post these as collateral with their clearing firm so that they can make markets in equity index derivatives?”
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@TimTheMM
Tim
2 years
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@TimTheMM
Tim
3 years
Saw massive $VIX April call buyers today. Most I've seen for quite some time. Different buyer this time. Paper bought 106k April $VIX 30 calls, 13k 27 calls, and 14k 35 calls. Anyway, enjoy your weekend.
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@TimTheMM
Tim
10 months
Dudes will see this and be like “Hell yeah”
@BullandBaird
Michael Antonelli
10 months
Bloomberg has a function that means something to maybe 10 people on the planet.
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@TimTheMM
Tim
5 months
go to Ceres Cafe. get the triple whiskey coke. order a burger for lunch. order two. sit at a table outside, smoke a Jack’s cigar, get another triple. talk with your boys about slamming vol and Texas hedging it. tip extra. go back upstairs to punt the spoos.
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@TimTheMM
Tim
1 year
Describe your aesthetic using only a car.
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@686Prism
686 Ebullient Prism
1 year
Describe your aesthetic using only a car.
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@TimTheMM
Tim
2 months
Me and the boys (market makers) getting ready to provide liquidity in new CBOE vol products
@CBOE
Cboe
2 months
NEWS: Cboe Announces Planned Launch of Options on #VIX Futures, Further Expanding Volatility Product Suite See the press release:
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@TimTheMM
Tim
1 month
the bid as soon as i try to hit it
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@TimTheMM
Tim
2 years
FOMC day. Remember that whatever happens, FinTwit was positioned for it already.
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@TimTheMM
Tim
5 months
Me reading FinTwit posts nowadays This is what happens when we lose Benn
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@TimTheMM
Tim
11 months
@QEternity @therobotjames @686Prism @DekmarTrades It’s dealer gamma as a result of a few large dark pool forex repo trades that were hedged from some insight on a VIX TA chart. Rumors im hearing from a few spot VIX fund mangers are suggesting that the short ladder attacks have been ongoing since the short squeeze on GME
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@TimTheMM
Tim
11 months
@UAL_Fan @therobotjames They must’ve found this classic Ray lesson and investigated his strategy
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@TimTheMM
Tim
9 months
Where to meet remarkable people: • Forex repo trading pit • Cere’s Cafe in Chicago at lunch • Twitter replies to shitposts • Blackhawks games, look for drunk people • On the SPX vol surface, selling it irresponsibly Seek environments that attract degenerate people.
@andruyeung
Andrew Yeung
9 months
Where to meet remarkable people: • The gym at dawn • Wellness retreats • Mastermind networks • Coffee shops on the weekend • Places of learning (e.g. bookstores) Seek environments that attract motivated, high-agency people.
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@TimTheMM
Tim
4 months
pitching short vol owning short vol
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@TimTheMM
Tim
4 months
ladies and gentlemen the weekend tip ur local mm
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@TimTheMM
Tim
3 years
The Premium Collectoooor
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@TimTheMM
Tim
1 month
few
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@TimTheMM
Tim
1 year
Reminder: interns and juniors are running the index equity vol desks for the rest of the week See you all at EQD, I will be by the pool
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@TimTheMM
Tim
8 months
Me teaching the junior traders about 2nd order derivatives it really do be like this
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@TimTheMM
Tim
4 months
New Status Symbols • Punting vol from a laptop • Short SPX skew • Large pepe collections • Long VTI in retirement accounts • Shower beers • Being a regular at Cere’s • Punting spoos based on vibes • Cheeseburger lunches • Cicada-Infused Malort shots
@mikekarnj
Michael Karnjanaprakorn
4 months
New Status Symbols • Sabbaticals • Long attention spans • Quality time with kids • Valuing time over money • Slow and calm lifestyle • Meeting-free calendar • Having “enough” • Early retirement • Biological age younger than your real age
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@TimTheMM
Tim
2 months
“so Tim how’s the short vol position going?” the position:
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@TimTheMM
Tim
4 months
me this weekend when CME rolls to Sep futures on Monday
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@TimTheMM
Tim
2 months
this is literally me (bottom left)
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@TimTheMM
Tim
2 months
Imagine being this dumb Volume = market makers buying BBG MOSO time sales = all happened at the same time SPY options = definitely unhedged bets and not a hedge or related to flow I wonder how much this clown’s sub costs per month?
@GordonJohnson19
Gordon Johnson
2 months
1/4 Want to know why the mkt spiked after the initial sell-off TODAY? Well, today, as happens nearly every day, just 2 ODTE ("zero day to expiry") options, given their 0.51/0.62 deltas, are responsible for ~80% of the volume in the SPY today. That is, taking:...
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@TimTheMM
Tim
2 months
when you’re blaming market makers, this is who you’re blaming if you even care
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@TimTheMM
Tim
3 years
As an MM, there is plenty of well-funded paper who don't know shit. Which is to say: just because $SPX cowboy triples down on a long-delta play, doesn't mean that bet will come to fruition. Don't trade based on my tweets, in fact I stay in biz from doing the opposite of paper.
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@TimTheMM
Tim
2 months
Me teaching a new hire my trading style these past couple of weeks (slam vol)
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@TimTheMM
Tim
9 months
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@TimTheMM
Tim
1 year
Considering launching an ETF with the ticker $COPE which inverses popular FinTwit accounts Seeking investors
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@TimTheMM
Tim
1 year
The most successful people I know only know 10 words “gm” “ffs” “gfy” “It’s joever” “Slam vol then fck off”
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@TimTheMM
Tim
2 months
“Tim how’s the trading day going?” Me:
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@TimTheMM
Tim
8 months
that's my quant... my quantitative, my math specialist, look at him!
@PopCrave
Pop Crave
8 months
Punxsutawney Phil & his ancestors have an accuracy rate of 39% going back to 1887.
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@TimTheMM
Tim
7 months
@concodanomics not only was the gamma hole ruptured but it was inverted. so it became a blowhole from where forex repo swap gamma was transferred to aggressors the aggressors now hold the gamma, hearing rumors that their leverage ratios on physical VVIX positions have flipped tread cautiously
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@TimTheMM
Tim
2 years
Quant: "Hey Tim, can you get me a market on [insert vol structure]?" Tim: "Sure here it is, what do you want to do?" Quant: "Can we fill 2k at [insert price that is dime worse than mid-market]?" Tim: "No." If you want to aggress, be aggressive.
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@TimTheMM
Tim
7 months
@robbezdjian @JessicaNutt96 @TheSpeculator0 imagine calling options pricing “voodoo” while telling someone they don’t understand options if you can’t understand what Jessica and Tina are trying to tell you, and instead you insist that “but muh account isn’t debited” then go for it, great trade you got ‘em, bud
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@TimTheMM
Tim
10 months
When you fade the quote knowing they’re buyers, and they thank you for trading the ‘mid’ price Nothing personal, fren
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@TimTheMM
Tim
10 months
FinTwit tonight
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@TimTheMM
Tim
10 months
@therobotjames One of my bank frens today who runs their index derivs desk asked me today if I had any color Told him “More sellers than buyers innit.” He laughed and agreed Just fckin trade the move, mate, we’re not here to fuck spiders or sell newsletters
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@TimTheMM
Tim
28 days
just know that when u blame market makers, this is who ur blaming (this is me)
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@TimTheMM
Tim
2 years
@WifeyAlpha Déjà vu... Again
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@TimTheMM
Tim
6 months
I post for me and all the people who reply "real" to everything I say
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@TimTheMM
Tim
7 months
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@TimTheMM
Tim
6 months
Time to watch all of FinTwit care more about the collar than every professional I trade with We are all instead thinking about basketball and lunch
@conksresearch
Conks
7 months
it's the most wonderful time of the year
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@TimTheMM
Tim
4 months
This is my Fed delta punting kwant
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@TimTheMM
Tim
1 month
retweet so i know if ur safe (i wont use this info to make u unsafe in the order book i promise)
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@TimTheMM
Tim
1 year
@zerohedge
zerohedge
1 year
VIX < 14
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@TimTheMM
Tim
2 years
I was going to write a serious post about how this picture is nonsense, but instead I just made a meme out of it. Enjoy.
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@KimDotcom
Kim Dotcom
2 years
Did you know this?
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@TimTheMM
Tim
2 months
@TheFlowHorse love this. one of my mentors early on used to joke about having electrical tape on his desk at all times a joke, but the guy would stomach some insane shit because he knew that “You get paid for the risk you take.” never forgot that one
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@TimTheMM
Tim
9 months
Me: “My model is telling me to slam SPX skew and VX calendars” The model:
@686Prism
686 Ebullient Prism
9 months
that's my kwant
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@TimTheMM
Tim
1 year
@Citrini7 Learned that lesson from our boy Dalio Another useful tip from him to start your day:
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@TimTheMM
Tim
2 years
gm
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@TimTheMM
Tim
2 months
My Algos My Position
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@TimTheMM
Tim
9 months
My friends when I start talking about slamming 1st and 2nd month SPX skew everyday
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@TimTheMM
Tim
1 year
@concodanomics blue bill: bullish for equities red pill: also bullish for equities but it’s red the choice is yours, anon
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@TimTheMM
Tim
9 months
@concodanomics The fundamentals
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@TimTheMM
Tim
1 year
"Tim, do you know who sold all these 5 delta puts expiring next week? We have like 3k on now and need to cover some risk." Me:
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@TimTheMM
Tim
25 days
i was following orders
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@TimTheMM
Tim
1 year
Hope everyone has a good long Labor Day weekend
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@TimTheMM
Tim
2 years
@Mike_Hunt_Sr @brrrcapital1 "Aye Tone, it's called gamma or some shit, named after a Greek guy. Wall Street sells 'em for cheap and when they don't work out, eh, no skin off my balls. But Tone when the S and P moves a shitload, we rake in money. It's like magic or some shit."
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@TimTheMM
Tim
9 months
Without downloading any new pics what’s your energy going into 2024
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@686Prism
686 Ebullient Prism
10 months
Without downloading any new pics what’s your energy going into 2024
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@TimTheMM
Tim
5 months
Friday alpha leak, enjoy @concodanomics
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@TimTheMM
Tim
1 year
Using an image, show a movie you are SURE you have watched more than ten times
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@686Prism
686 Ebullient Prism
1 year
Using an image, show a movie you are SURE you have watched more than ten times
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@TimTheMM
Tim
1 year
@netcapgirl same vibe
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@TimTheMM
Tim
2 years
Pretty incredible moves in $SPX calendars today. Weeklies before July expiration vs everything behind July expiration has widened $3+ give or take. Paper buying term structure in most calendar trades.
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@TimTheMM
Tim
1 year
Touch grass, thnx
@Fxhedgers
FXHedge
1 year
DEALERS TO FLIP SHORT GAMMA AT S&P 4390 ON RALLY
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@TimTheMM
Tim
8 months
CBOE keeps it real Love u, bro
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@TheBrattPack63
The Bratt Pack
8 months
Quote tweet this tweet with a Twitter account that follows you that it's kinda a flex that they follow you
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@TimTheMM
Tim
1 year
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@TimTheMM
Tim
6 months
“Did you trade a block and not show me???” “It was a 100 lot of ES nickels, Tim…” mfw
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@TimTheMM
Tim
10 months
@Citrini7 @crushincrypto_ @moreproteinbars gm Best advice I have is to 1) learn the very basics of what option greeks mean for trading options, 2) buy a @SinclairEuan book or two, and 3) start putting real money into options trades. Start with spreads. Get a thesis and trade it. Watch what happens. Good luck fren
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@TimTheMM
Tim
2 years
Paul Tudor Jones and his inflatable dino may be the only thing that can save the Spu at this point
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@TimTheMM
Tim
2 years
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@TimTheMM
Tim
2 years
Live view of me working deltas in this illiquid market
@USCPSC
US Consumer Product Safety Commission
2 years
Happy Thanksgiving Eve!
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@TimTheMM
Tim
2 years
In light of the approaching June opex and seeing a ZH post, here's a meme. Enjoy.
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@TimTheMM
Tim
1 year
Hit it, Joe!
@GordonJohnson19
Gordon Johnson
1 year
1/3 Want to know why the mkt spikes EVERYDAY? Well, today, as happens everyday, just 1 ODTE ("zero day to expiry") option, given its 0.61 delta, is responsible for ~60% of the volume in the SPY today. That is, taking: 142.6K contracts * 0.61 delta * 100 = ~8.6mn shares...
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@TimTheMM
Tim
2 years
@mattomattik FOMC announcement: We do a lil dovish pivot FOMC press conference: We do a lil hawkish rate hikes Powell: Chill out market, I'm still a hawk and rate hikes are still on the way
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@TimTheMM
Tim
2 years
Broker: "Tim you sure on this Dec25 market you gave me? I'm getting wildly mixed markets." Me:
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@TimTheMM
Tim
3 years
Hiring an intern to answer the phones for these brokers who have checked me on a box swap 20 times today. Requisites: Answer phone, say "No cares." Compensation: Free coffees and bagels.
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@TimTheMM
Tim
5 months
This is my quant
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@TimTheMM
Tim
2 years
Surprised I didn't see more FinTwit hooplah about the collar trade today. Taking the wife out for dinner and drinks with some of her friends. These end of month days are always great days to trade as an MM. Unless you fucking suck and don't get allocated, then they suck.
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@TimTheMM
Tim
1 year
@686Prism @MacroTactical @AJax1729 @Citrini7 There are 3 rules: 1) Trade shit that moves a lot 2) Trade shit that makes money 3) Lever the shit up I don’t make the rules I just follow them
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@TimTheMM
Tim
1 year
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@TimTheMM
Tim
9 months
plagiarism? mfker i steal tweets all the time and let the creator know as i do it
@therobotjames
Robot James 🤖🏖
9 months
plagiarism? mfker i steal tweets all the time and let the creator know as i do it
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@TimTheMM
Tim
2 years
I'll be leaving the desk early, slow day even for expiration Friday. All my brokers and counterparties keep talking about the World Cup, no one thinking about trading today.
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@TimTheMM
Tim
2 years
To all of my counterparties: please read this thread before asking me how we make money from you hitting our bids, but also please continue to sell me your options. Thanks.
@bennpeifert
Benn Eifert 🥷🏴‍☠️
2 years
ok. as requested. an option's theta (theoretical rate of decay over time) is not just "income" to an investor holding a short position. it is compensation for the risk of loss that investor faces from negatively asymmetric exposure to moves in the underlying asset.
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@TimTheMM
Tim
2 years
@Jimmyjude13 Desk head: "Tim why'd you Texas hedge 2x the size of your option deltas and negative scalp every trade today?" Me: "Jimmy Jude called me a pussy... I had to do it."
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