ALPHA BETA WHALE TRACKER (IDEA)

It’s a holiday week or weekend so who’s really at the desk trying to trade this thing when you can be beachside with bikini babes (or borat man thong bros).

Definitely not us!

Friday sent everything for a whirl with SPY and QQQ both up big defying their expected moves of 0.5% and 0.7%.

When market makers are caught offsides from the move, they are reacting instead of trying to rig it and make the move happen. We didn’t catch anything to write about which is probably a good thing because who wants an options alert app that constantly gives the wrong signals like the one furu on twitter who’s constantly telling everyone that Tesla is going to $45 and being completely wrong every time.

Maybe it’s only funny because we used to pay and make a lot of money with his service but then lost it all because some people refuse to change their mind and adapt to what’s happening and possibly this lead to founding and development of RIGD which is a story for another day after a few mai thais (because painful).

In the next few weeks we’ll have another extremely alpha (very new untested and unproven) feature that will show big 1dte option orders, so that we can all try to catch the 200% rips when the market opens higher or lower than expected. There’s not really anything better than dumping your options at the open for a gain like that, except for maybe being trapped in a submarine with Megan Fox.

Our lead designer’s monthlong bender has finally come to a close and facelifts for the app are starting to come together!

It’s difficult building something and shipping features non-stop while also retaining some sort of semblance to an application that actually looks as dope as it is.

Obviously we’ll always prioritize alert performance over everything else, but good design just has a certain type of way of making one feel a certain type of way if you catch our drift.

OTHER ALPHA BETA STUFF - THE WHALE TRACKER

While we’re 90% focused on 0dte options for now, eventually we’ll expand into longer expiration options. They’re a different beast since they’re juiced to the gills with theta and thinking you have time for the option to move your way is basically thinking the girl in the gym actually thinks that your two plate bench press is impressive.

That said we’ll introduce a whale tracker which filter out the large sweeps with high premium (purchased). This is very annoying to look at every day which is why technology is awesome.

This will be awesome in two ways:

1.) Track your favorite stocks

Everyone has a name they love to love, used to love or just absolutely hate and would like to short into oblivion (cough NVDA). The whale tracker will send you a daily report on the large sweeps so you can see how they’re positioning for the next move.

The best signals here are the number of orders and total premium.

For example with NVDA on 8/4 there are 14 orders for the 380put with a total premium of about 3.2 million.

They need an 10% move in the next two weeks to return 100%.

What do the whales know?

Or are they just lighting money on fire?

(fun)

2.) Track the whale returns

Most of the other options apps (which all suck compared to RIGD) offer the first feature, which is great if you want to spend all day staring at the screen and doing a lot of manual labor.

Why do that when you can hire outsourced talent and pay them pennies per hour like the sweat startup guy?

(kidding)

Whale tracker will send you a daily report on the option’s profitability, so you can either feel smart for not taking the trade or feel the pain and internal rage of not following the smart money that really runs the show and missing out on gains before you tell wifey she has to stick with the Nissan for another few years until you stop being such a wimp.

It’s going to take a while to build this out but we’re confident when it’s done that RIGD AI will be able to send you the best alerts when the intraday moves are happening on SPY and QQQ and let you follow the whales when they position on longer-term trades.

Tomorrow is a holiday, we’ll spend being counterculture edgelords drinking bud lights and firing machine guns disguised as fireworks into the air.

Stay frosty and we’ll see you later this week!

thanks for reading THE REPORT by RIGD AI

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