[FX Test*1] Orion Code Review Big Scam Exposed | Learn More to Reveal Truth Yes ! You have taken Right Decision to visit our Orion Code Review. Orion Code was created by Edward Robinson and after receiving many requests we decided to investigate this trading Software. We spent the last two weeks testing the robot, verifying the legitimacy of the creator and also talk to the actual users of the system and now we are ready to share our verdict.
SEE FULL ORION CODE REVIEW IN DEPTH
In what seems to be the latest in a chain of binary options scams, the recent Orion Code online trading Robot by Edward Robinson seems to beat the lot by a knock out. Industry-leading blogs have already reviewed this fake app and reached the resounding conclusion that it deserves to be blacklisted and branded as fraudulent software. Apparently, due to the deceptive and misleading nature of this new system, hundreds of day-traders looking to profit trading binary options have ended up losing their initial investment and are now being relentlessly spammed by aggressive email marketers looking to promote other offers. Still, experienced bloggers were able to detect the deceptive patterns and exposed the real identity of the actor. Keep reading to see who it is.
What Is Orion Code? The Orion Code software is a fake app and auto-trader designed with pure malice and deliberately designed to steal money. It was allegedly created by Edward Robinson who is a B Movie actor named Jeff Gorham. The software is a complete replica of an older scam dubiously named the “Quantum Code” and starts off when Robinson claims he is referred to as “the Wall Street Wizard, Millionaire Trader, and the nicest rich guy in the world”. He then proceeds to boldly claim the software can make any novice trader as much as $10,000 a day, and the wins are guaranteed with a 100% win rate. He states that this incredible level of accuracy is achieved due to NQS technology, which means “Near Orion Speed”.
SEE FULL ORION CODE REVIEW IN DEPTH
Who is Edward Robinson? He claims to be a self-made millionaire featured in “Forbes as well as other financial magazines”, but in reality he is a cheating actor name Jeff Gorham! This performer played in a few B movies such as Sandy Boulevard and Pogtown.
Is this Software Free? No, and that’s another lie! It’s going to cost you at least $250 to use this software and this money will be charged to you credit card via their recommended brokers which may or may not be regulated.
Review Summary and Conclusions The Orion Code online trading Robot by Edward Robinson is a BLACKLISTED SCAM. All the industry leading blogs have reviewed it, and very similar to the Dubai Lifestyle App it is directly responsible for causing much misery and grief for many day traders, and there is nothing genuine or legit about it besides the intent of the affiliate marketers behind it to steal your money.
SEE FULL ORION CODE REVIEW IN DEPTH
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Orion.,Code.,Software.,Review.,-.,OrionCode.,Scam.,-.,Edward.,Robinson top10binarydemo..,/review/orion-code/ The.,Orion.,Code.,–.,Is.,This.,Binary.,System.,Scam.,or.,Not?.,Check.,This.,100%.,Unbiased.,OrionCode.,System.,Review.,Traders'.,Feedback.,+.,Binary.,Experts'.,Honest.,... The.,Orion.,Code.,Software.,By.,Edward.,Robinson.,Is.,Orion.,Code.,SCAM.,... thedailyharrison..,/reviews/the-orion-code-software-edward-robinson-orion-code-s... .,Rating:.,5.,-.,‎Review.,by.,Heather.,A..,Harrison 3.,hours.,ago.,-.,The.,Orion.,Code.,Software.,Review.,By.,Edward.,Robinson.,Is.,Orion.,Code.,Scam.,Or.,Real.,Binary.,Trading.,APP.,System?.,What.,is.,The.,Orion.,Code.,... The.,Orion.,Code.,Software.,Is.,Orion.,Code.,System.,SCAM.,Or.,NOT?.,|.,The.,... thedailyharrison..,/reviews/orion-code-software-orion-code-system-scam-not .,Rating:.,5.,-.,‎Review.,by.,Anita.,M..,Walton Oct.,20,.,2016.,-.,The.,Orion.,Code.,Software.,Review.,By.,Edward.,Robinson.,Is.,The.,Orion.,Code.,....,Check.,My.,The.,Orion.,Code.,Review.,First.,To.,Discover.,The.,Hidden.,... Edward.,Robinson's.,'The.,Orion.,Code'.,Review:.,A.,100%.,Scam.,And.,... ...workfromhomewatchdog..,.,›.,Avoid.,These.,Please Oct.,19,.,2016.,-.,Yet.,another.,attempt.,to.,trick.,you.,into.,investing.,your.,cash.,into.,binary.,trading.,option..,But.,there's.,a.,shocking.,twist.,that.,brings.,The.,Orion.,Code.,to.,it's.,... The.,Orion.,Code.,Reviews.,-.,Another.,Scam.,Software?.,-.,Push.,Money.,App ...pushmoneyapps..,/the-orion-code-review-scam/ Oct.,21,.,2016.,-.,Edward.,Robinson's.,The.,Orion.,Code.,Review.,-.,is.,this.,App.,really.,Legit?.,I've.,been.,trading.,for.,weeks.,using.,Edward's.,trading.,Software.,..,Learn.,if.,it's.,... Orion.,Code.,Review.,–.,Dangerous.,Scam.,-.,Binary.,Option.,Sheriff ...binaryoptionsheriff..,/orion-code-review-dangerous-scam/ Oct.,22,.,2016.,-.,Orion.,Code.,Software.,by.,Edward.,Robinson.,will.,go.,straight.,in.,our.,BLACKLIST.,SCAMS..,This.,review.,will.,expose.,the.,crooks.,who.,have.,limitless.,... Orion.,Code.,Review.,-.,How.,This.,Scam.,is.,Trending?.,Read.,Now!.,-.,QuintUp ...quintup..,/orion-code-review-scam/ 22.,hours.,ago.,-.,Orion.,Code.,Review.,-.,This.,Scam.,is.,trenindg.,Now!.,Yes,.,Read.,.,plete.,article.,how.,orion.,code.,software.,is.,scamming.,incoent.,people.,with.,fake.,... Orion.,Code.,Review.,:.,Scam.,Software.,!!.,Important.,Warning.,!! ...bestbinaryoptionssignal..,/orion-code-review-scam-software/ .,Rating:.,2.,-.,‎Review.,by.,James.,John 6.,days.,ago.,-.,**Read.,this.,Important.,Orion.,Code.,Software.,Review.,!!.,The.,Orion.,Code.,App.,is.,nothing.,but.,a.,rehash.,of.,the.,notorious.,Quantum.,Code.,scam. Orion.,Code.,Review.,(Quantum.,Code.,Relaunch).,-.,Objective.,Binary.,... .s://objectivebinaryoptions..,/orion-code-review/ .,Rating:.,1.,-.,‎Review.,by.,James 4.,days.,ago.,-.,Orion.,Code.,by.,"Edward.,Robinson,".,formerly.,known.,as.,Quantum.,Code,.,is.,another.,binary.,options.,auto.,trading.,scam..,The.,name.,has.,changed,.,... No.,Loss.,Orion.,Code.,Review.,Edward.,Robinson.,CEO.,The.,Orion.,Code.,... Video.,for.,Orion.,code.,Review▶.,2:11 .s://...youtube..,/watch?v=m_-jaMVAkbU 3.,hours.,ago.,-.,Uploaded.,by.,Orion.,Code No.,Loss.,Orion.,Code.,Review.,Edward.,Robinson.,The.,Orion.,Code.,Software.,Testimonial.,.://tinyurl..,.,... Orion.,Code.,Review.,-.,SCAM.,WARNING?.,-.,YouTube Video.,for.,Orion.,code.,Review▶.,1:04 .s://...youtube..,/watch?v=PJMdR8PcCt8 Oct.,21,.,2016.,-.,Uploaded.,by.,Top.,Reviews Orion.,Code.,Review.,==▻.,.://budurl.me/DownloadNOW157←.,Start.,Here.,Locating.,an.,unbiased.,review.,for.,... The.,Orion.,Code.,Review.,Is.,Orion.,Code.,Software.,SCAM.,Or.,REAL.,... ...thedailyhastings..,/reviews/the-orion-code-review-orion-code-software-scam-... Oct.,21,.,2016.,-.,The.,Orion.,Code.,Review.,Is.,Orion.,Code.,Software.,SCAM.,Or.,REAL?.,How.,To.,Use.,The.,Orion.,Code.,System.,APP.,To.,Make.,A.,Huge.,Profits? 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Orion.,Code.,Trading.,Software.,Review.,-.,Is.,Orion.,Code.,a.,Scam? top7binaryrobots..,/review/orion-code/ What.,is.,Orion.,Code.,System.,&.,Who.,is.,Edward.,Robinson?.,Check.,This.,100%.,Exclusive.,OrionCode.,Review.,by.,Experts.,Is.,This.,Binary.,Options.,Software.,Scam.,or.,... Orion.,Code.,Review.,-.,SCAM.,Refurbished.,with.,NEW.,Name!!.,|.,Elite.,Club .s://...binaryoptionseliteclub..,.,›.,....,›.,Orion.,Code.,Scam.,Orion.,Code.,Review 5.,days.,ago.,-.,The.,Orion.,Code.,Software.,is.,a.,scam.,by.,Edward.,Robinson..,This.,honest.,unbiased.,Orion.,code.,review.,will.,expose.,the.,suspicious.,elements.,behind.,... The.,Orion.,Code.,Review.,Is.,Orion.,Code.,SCAM.,APP.,....,-.,JVzoo.,Reviews ...jvzooreviews..,/the-orion-code-review-is-orion-code-scam-app-or-legit-system/ Oct.,22,.,2016.,-.,The.,Orion.,Code.,Review.,By.,Edward.,Robinson.,Is.,The.,Orion.,Code.,Scam.,System.,Or.,Legit.,Software.,?.,is.,The.,Orion.,Code.,Worth.,Your.,Money? The.,Orion.,Code.,is.,a.,SCAM.,Software!!.,A.,Deja.,Vu.,Warning.,Review!! binaryoptionsgorilla..,/orion-code-scam-review/ .,Rating:.,1.,-.,‎Review.,by.,BO.,Gorilla Oct.,20,.,2016.,-.,Real.,Warning.,SCAM.,Review!!.,The.,Orion.,Code.,software.,by.,Edward.,Robinson.,is.,a.,new.,FRAUD.,auto.,trader.,that.,was.,created.,to.,STEAL.,your.,... The.,Orion.,Code.,Review.,Is.,Orion.,Code.,Software.,SCAM.,APP?.,|.,IT.,... itdecs..,/reviews/orion-code-review-orion-code-software-scam-app Oct.,21,.,2016.,-.,Read.,My.,The.,Orion.,Code.,Review.,Now.,To.,Make.,The.,Right.,Decision..,If.,you.,are.,looking.,for.,this.,The.,Orion.,Code.,Reviews.,”.,is.,The.,Orion.,Code.,A.,... Orion.,Code.,Scam?.,Critical.,theorioncode..,.,Software.,Review! .s://...binaryoptionsspot..,/orion-code-scam-review/ .,Rating:.,1.,-.,‎Review.,by.,BO.,Spot Oct.,20,.,2016.,-.,The.,Orion.,Code.,Software.,is.,new.,binary.,options.,trading.,platform..,Allegedly.,the.,system.,promises.,high.,profits.,but.,is.,it.,real?.,Check.,our.,... Orion.,Code.,Review.,-.,Quick.,Cash.,System.,Review quickcashsystem..,/tag/orion-code-review Oct.,21,.,2016.,-.,The.,Orion.,Code.,System.,Review.,Does.,The.,Orion.,Code.,Software.,Works.,Or.,Just.,A.,Scam.,APP?.,What.,is.,TheOrionCode..,.,About?.,My.,The.,Orion.,... Orion.,Code.,Software.,Scam.,Review!.,NOT.,100%.,Win.,NQS.,Trading.,... ...binaryoptions-sentinel..,/orion-code-software-scam-review/ Oct.,21,.,2016.,-.,Orion.,Code.,Software.,by.,Edward.,Robinson.,a.,SCAM.,Auto.,Trading.,System.,or.,LEGIT?.,Read.,Review.,that.,exposes.,LIES.,on.,Near.,Orion.,Speed.,... Orion.,Code.,Review!.,AVOID.,THIS.,FRAUDULENT.,SCAM! binaryoptionspatrol..,/watch-orion-code-scam/ .,Rating:.,2.,-.,‎Review.,by.,Patrol Oct.,23,.,2016.,-.,Orion.,Code.,is.,nothing.,more.,but.,a.,deceitful.,trading.,fraud.,with.,very.,good.,sales.,techniques,.,if.,you're.,looking.,to.,invest.,in.,this.,software,.,please.,read.,... Orion.,Code.,Review.,-.,Insider.,John.,Binary.,APP.,810 binaryapp-810.co/tag/orion-code-review Oct.,21,.,2016.,-.,The.,Orion.,Code.,APP.,Review.,Is.,Here.,By.,Edward.,Robinson.,is.,The.,Orion.,Code.,Software.,Scam.,Or.,Legit?.,How.,Does.,The.,Orion.,Code.,Software.,... The.,Orion.,Code.,Review.,Exposes.,Edward.,Robinson's.,Notorious.,SCAM! ...binaryoptionsgovernor..,/orion-code-scam-review/ .,Rating:.,1.,-.,‎Review.,by.,The.,Governor Oct.,22,.,2016.,-.,The.,Orion.,Code.,Review.,Exposes.,Edward.,Robinson's.,Notorious.,SCAM.,which.,has.,already.,scammed.,1000s.,of.,people.,out.,of.,their.,hard.,earned.,... STUPID.,SCAM:.,Orion.,Code.,review.,-.,TheBestBinaryOptionsBrokers.., thebestbinaryoptionsbrokers..,/stupid-scam-orion-code-review .,Rating:.,2.,-.,‎Review.,by.,John.,Novak Oct.,20,.,2016.,-.,This.,review.,of.,the.,Orion.,Code.,proves.,that.,it.,is.,a.,binary.,options.,scam.,that.,will.,lose.,you.,money..,It.,is.,presented.,by.,Edward.,Robinson. The.,Orion.,Code.,Review.,-.,Is.,Orion.,Code.,a.,SCAM? ...betoroption..,.,›.,Orion.,Code Oct.,22,.,2016.,-.,Orion.,Code.,Review..,When.,I.,was.,reviewing.,trends.,in.,auto.,trader.,scam.,recently.,with.,some.,colleagues,.,there.,was.,a.,consensus.,that.,binary.,... User.,orion.,-.,Code.,Review.,Stack.,Exchange codereview.stackexchange..,/users/38270/orion orion.,top.,44%.,overall..,Apparently,.,this.,user.,prefers.,to.,keep.,an.,air.,of.,mystery.,about.,them..,5.,answers..,0.,questions..,~4k.,people.,reached..,Member.,for.,2.,years,.,... The.,Orion.,Code.,Review,.,New.,Binary.,Options.,Trading.,Software.,... ...wsmv..,/.../the-orion-code-review-new-binary-options-trading-soft...WSMV‑TV Oct.,21,.,2016.,-.,Making.,The.,Orion.,Code.,binary.,options.,trading.,much.,easier,.,Edward.,Robinson.,has.,released.,his.,new.,binary.,options.,trading.,software.,that.,... Orion.,Code.,Review.,–.,Scam.,Or.,Legit.,Software? binaryoptions24..,/orion-code-review/ Oct.,20,.,2016.,-.,The.,Orion.,Code.,–.,You.,can.,easily.,pull.,a.,crazy.,$5,500.,to.,$17,500.,per.,day.,using.,this.,simple.,and.,100%.,automated.,trading.,FREE.,system..,What.,is.,... The.,Orion.,Code.,Review.,Is.,Orion.,Code.,SCAM.,System.,Or.,Legit.,Software? .s://forexleaks.info/the-orion-code-review-is-orion-code-scam-system-or-legit-soft... Oct.,22,.,2016.,-.,....,Edward.,Robinson.,The.,Orion.,Code.,Software.,Scam.,Or.,NOT?.,What.,is.,The.,Orion.,Code.,?.,Read.,Our.,The.,Orion.,Code.,System.,Review.,To.,Get.,$1K. The.,Orion.,Code.,Review.,Is.,Orion.,Code.,SCAM.,APP.,Or.,Legit.,System.,... citidelltd..,/the-orion-code-review-is-orion-code-scam-app-or-legit-system/ Oct.,22,.,2016.,-.,The.,Orion.,Code.,Software.,is.,New.,Brand.,Revolutionary.,Binary.,Options.,Signals.,APP.,Software.,That's.,Really.,Works.,in.,Effective.,Way..,I.,started.,... The.,Orion.,Code.,Review.,Is.,Orion.,Code.,Software.,Scam.,Or.,Not.,... forexcaptain.info/the-orion-code-review-is-orion-code-software-scam-or-not/ Oct.,22,.,2016.,-.,Read.,My.,The.,Orion.,Code.,Software.,Honest.,Review.,Now.,To.,Make.,The.,Right.,Decision..,If.,you.,are.,looking.,for.,this.,The.,Orion.,Code.,Reviews.,”.,is.,... Orion.,Code.,Version.,8.,|.,Facebook .s://...facebook..,/OrionCodeVersion8 The.,Orion.,Code.,Version.,8.,Review.,-.,Special.,Information.,About.,Edward.,Robinson.,The.,Orion.,Code.,Software.,System.,Reviews.,Orion.,Code.,Version.,8.0. The.,Orion.,Code.,Software.,Is.,The.,Orion.,Code.,LEGIT.,Or.,SCAM? citidelltd.co/the-orion-code-software-orion-code-legit-scam Oct.,21,.,2016.,-.,The.,Orion.,Code.,Review.,description.,has.,been.,released.,by.,Edward.,Robinson,.,regarding.,the.,new.,Unlimited.,Profits.,binary.,options.,system.,... Is.,The.,Orion.,Code.,A.,Scam.,-.,Citidel.,LTD.,Investment.,APP.,Review.,Is.,... citidelltd.co/tag/is-the-orion-code-a-scam Oct.,21,.,2016.,-.,The.,Orion.,Code.,Review.,description.,has.,been.,released.,by.,Edward.,Robinson,.,regarding.,the.,new.,Unlimited.,Profits.,binary.,options.,system.,... Edward.,Robinson.,Scam.,Alert.,–.,Don't.,Trust.,The.,Orion.,Code.,|.,Online.,... onlinefinancialsuccessstory..,.,›.,Binary.,Options.,Software Oct.,21,.,2016.,-.,In.,this.,review.,of.,Orion.,Code.,I.,will.,prove.,to.,you.,that.,the.,whole.,system.,is.,a.,scam.,and.,that.,you.,CANNOT.,TRUST.,this.,guy.,Edward.,Robinson.you.,CANNOT.,TRUST.,this.,guy.,Edward.,Robinson.

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Rich Mom Review SO Is Rich Mom Profit System SCAM Or LEGIT? Best Binary Options Trading Software. The Truth About Rich Mom By Maria Lopez Review

Hey! Whats Going On? Please read My Rich Mom Review To Discover the Truth about Rich Mom Profit System in this Rich Mom review! You will learn if Rich Mom really Works or is a scam?
To discover answers to these concerns continue reading my in depth and honest Rich Mom Review below.
Rich Mom Description:
Name: Rich Mom
Niche: Binary Options.
Official Site: Access The NEW Rich Mom Profit System!! CLICK HERE NOW!!!
Exactly what is Rich Mom?
Rich Mom is a New binary options trading software that is developed to assistance traders win and forecast the market trends with binary options. The software also provides analyses of the market conditions so that traders can know exactly what should be your next step. It provides different secret techniques that ultimately helps. traders without using any complicated trading indicators or following any complex charts.
Rich Mom Binary Options Trading Strategy
Base the Rich Mom trading technique. After you see it working, you can start to execute your method with regular sized lots. This method will pay off in time. Every Forex binary options trader must select an account type that is in accordance with their requirements and expectations. A larger account does not indicate a larger revenue potential so it is a great idea to begin small and quickly add to your account as your returns increase based on the winning trades that the software will make.
Binary Options Trading
To assist you trade binary options correctly, it is very important to have an understanding behind the principles of Binary Options Trading. Currency Trading, or foreign exchange, is based on the perceived value of 2 currencies pairs to one another, and is impacted by the political stability of the country, inflation and interest rates to name a few things. Keep this in mind as you trade and discover more about binary options to maximize your learning experience.
Rich Mom Summary
In summary, there are some evident concepts that have been tested over time, along with some newer techniques. that you may not have actually considered. Ideally, as long as you follow exactly what we recommend in this article you can either get started with trading with Rich Mom or enhance on what you have already done.
There Is Only A Very Limited Spots Available
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Direct Profits Review 2015 - Is Direct Profits SCAM Or LEGIT? Best Binary Options Trading Software? The Truth About Direct Profits System By Peter Rice Review

Direct Profits Review 2015 - DIRECT PROFITS?? Find out the Secrets about Direct Profits in this Direct Profits review! So What is Direct Profits Software all about? Does Direct Profits Actually Work? Is Direct Profits Software scam or does it really work?
To discover answers to these questions continue reading my in depth and honest Direct Profits Review below.
Direct Profits Description:
Name: Direct Profits
Niche: Binary Options.
Official Web site: Access The NEW Direct Profits Software!! CLICK HERE NOW!!!
What is Direct Profits?
Direct Profits is essentially a binary options trading software that is designed to assistance traders win and predict the marketplace trends with binary options. The software likewise provides evaluations of the market conditions so that traders can know exactly what should be your next step. It offers various secret strategies that ultimately helps. traders without utilizing any complicated trading indicators or follow charts.
Direct Profits Binary Options Trading Method
Base the Direct Profits trading method. After you see it working, you can begin to implement your strategy with routine sized lots. This technique will settle gradually. Every Forex binary options trader should pick an account type that is in accordance with their requirements and expectations. A bigger account does not mean a larger profit potential so it is an excellent concept to begin little and quickly add to your account as your returns increase based upon the trading selections you make.
Binary Options Trading
To help you trade binary options effectively, it is important to have an understanding behind the principles of Binary Options Trading. Currency Trading, or foreign exchange, is based on the perceived value of two currencies pairs to one another, and is impacted by the political stability of the country, inflation and interest rates among other things. Keep this in mind as you trade and discover more about binary options to optimize your learning experience.
Direct Profits Summary
In summary, there are some evident concepts that have been tested in time, as well as some more recent methods. that you may not have actually thought about. Hopefully, as long as you follow exactly what we suggest in this article you can either begin with trading with Direct Profits or enhance on exactly what you have already done.
There Is Only A Very Limited Spaces Available
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Certified Profits Review 2015 - Is Certified Profits SCAM Or LEGIT? How Does Certified Profits Software Work?.. Best Binary Options Trading System Is Certifiedprofits.com For Real? The Truth About Certified Profits By Philip Diamond Review

Certified Profits Review 2015 - CERTIFIED PROFITS?? Discover the SECRETS about Certified Profits in this Certified Profits review! So What is Certified Profits Software all about? So Does Certified Profits Actually Work? Is Certified Profits Software application scam or does it really work?
To find answers to these questions continue reading my in depth and honest Certified Profits Review below.
Certified Profits Description:
Name: Certified Profits
Niche: Binary Options.
You'll be pretty blown away when you see how The Certified Profits Software Works!.
But the amazing thing is its so damn easy!
Official Web site: Access The NEW Certified Profits Software!! CLICK HERE NOW!!!
What is Certified Profits?
Certified Profits is generally a binary options trading software application that is created to help traders win and forecast the marketplace trends with binary options. The software application also offers evaluations of the market conditions so that traders can know what should be your next step. It provides different secret methods that ultimately helps. traders without using any complicated trading indications or follow graphs.
Certified Profits Binary Options Trading Method
Base the Certified Profits trading technique. After you see it working, you can start to implement your method with regular sized lots. This method will pay off with time. Every Forex binary options trader should select an account type that is in accordance with their requirements and expectations. A bigger account does not imply a bigger revenue potential so it is a terrific idea to start little and quickly add to your account as your returns increase based upon the trading choices you make.
Binary Options Trading
To help you trade binary options properly, it is important to have an understanding behind the basics of Binary Options Trading. Currency Trading, or forex, is based on the viewed value of 2 currencies pairs to one another, and is impacted by the political stability of the country, inflation and interest rates among other things. Keep this in mind as you trade and learn more about binary options to optimize your learning experience.
Certified Profits Summary
In summary, there are some apparent concepts that have actually been checked
with time, as well as some newer methods. that you might not have actually considered. Hopefully, as long as you follow what we recommend in this post you can either start with trading with Certified Profits or improve on exactly what you have already done.
Every now and then something comes along that really shocks you.
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Fast Profits System. Review. TOP. Binary. Options. Trading. Software. Scam. oR Legit. Download. fRee

Fast Profits System. Review. TOP. Binary. Options. Trading. Software. Scam. oR Legit. Download. fRee Fast Profits System. Review. TOP. Binary. Options. Trading. Software. Scam. oR Legit. Download. fRee Fast Profits System. Review. TOP. Binary. Options. Trading. Software. Scam. oR Legit. Download. fRee
Read my honest Comprehensive Fast Profits Review/reviews before your hard earned in vain. Free Download Fast Profits binary Fast Profits App Review Is Fast Profits App Scam? Find The Truth On Fast Profits App! "Read my honest review Software...
Product Description Of Fast Profits:
Product complete : Fast Profits
Niche: Binary Options
Fast Profits Official website : http://www.fastprofits.co/Bonus.php
Fast Profits Special Bonus URL
Money-back Promise : Yes (2months)
Delivery amount : fast Delivery
Bonus offer : affirmative($300)
Download: Free
What is Fast Profits? Fast Profits is a great development by a famous, well established and experienced option trader with a viewpoint to enable investors to perform different tasks with ease and convenience.
This is basically a software that is designed to help traders win and predict the market trend of their respective options. It works as a code to get financial success, shows traders how they can make money online, helps them to discover different ways to get huge returns on their investment.
The software also provide analyses of market conditions so that traders can know what should be their next step. It gives different secret strategies that ultimately help traders to make thousands of dollars only for a few dollars.
Earn With Fast Profits Review: I have done a huge research about this binary options tool, believe me, I just have to check all the info before I start any type of business. What I have found out is that this is incredible, binary options trading tool that has a really high performance. When I thought about getting 75% of profit without it taking too much time, I just knew I had to try it out, especially when it is free right now.
While it is nearly impossible for any binary options software to deliver a 100% success ratio, but Fast Profits is proving itself to be the most resourceful among all other systems available right beside this one. The extensive bets testing which had been done before it was actually made public has finally paid off and has made it rise as the top most binary options trading software...
It is highly recommendable software to people as with 80% accuracy they get to bring in close to 185% of their cost daily. The availability of a dedicated support team also plays a vital role in helping the users in case of any dubiety. All plus points combined in one sends a pretty positive message to everyone in need of a perfect binary options trading software.
Is Fast Profits a Scam? Actually, it’s impossible for it to be a scam. You’re literally signing up to watch a pro trade. You get to see him instantly, in real time, each day making trades, winning and losing (and winning much more than losing). The results speak for themselves. He’s also helpful and teaches you along the way. I’m so impressed by this system because there is no doubt it is real. They don’t need to hype it up or make outrageous claims.
How does it work? Many people will say that binary trading is a risky business and tend to stay away from it. But from my experience, high volatility means HIGH RETURN OF INVESTMENT. But this is where Fast Profits comes into play, the mathematical algorithm used by the software takes the guess work out choosing a winning profitable trade. You don’t have to be an expert. Like I said earlier, I have personally tested Fast Profits and found the success rate is about 70%. I don’t know about you, but a 70% chance of making a profitable trade is VERY GOOD! I’ve never come across anything like this before. Keep reading, below are my results for the past week or so…
The Benefits Of Fast Profits:
Watch over the Shoulder of a Pro Every Day and you can learn as you trade.
Averaging 85% Winning Weeks – which means more potential profits for you
Fast Profits Are Completely Transparent
No previous experience with binary options trading needed
Web based, no need for downloads, also works on phones, tablets
You Can Even Watch Them From Your Phone (iPhone Users – Photon Browser)
No PC Downloads Required
Multiple Signals Every Day – You will receive average of 4 – 5 signals daily which is good enough for you to earn quick cash for your day.
Can turn $500 into $2271 in fews days
The Negative Of Fast Profits:
100% foolproof success cannot be guaranteed, but over 80% of people have success with this
Must have computer or internet access
Must have about an hour a day (No something for nothing here)
Bottom Line: If you are ready to start making money online, there has never been a better opportunity than now. If you enjoy surfing the web for countless hours looking for the next hot tip, never being able to get focused, being overloaded with conflicting information, and not making money online, you should probably leave this page right now and get back to that strategy.
Fast Profits is recommended! If you buy this product and start implementing what teaches you I have no doubts that you’ll make money. Fast Profits works and it’s not a scam.

Elite Gold Profits Review 2015 - Is Elite Gold Profits SCAM Or LEGIT? How Does Elite Gold Profit Service Work?.. Is It The Best Binary Options Trading System Is Elitegoldprofits.com For Real? The Truth About Elite Gold Profits By Nigel Pearson Review

Elite Gold Profits Review 2015 - ELITE GOLD PROFIT SERVICE?? Learn the SECRETS about Elite Gold Profits in this Elite Gold Profits review! So Exactly what is Elite Gold Profits Software all about? So Does Elite Gold Profits Actually Work? Is Elite Gold Profits Software scam or does it really work?
To find answers to these questions continue reading my in depth and honest Elite Gold Profits Review below.
Elite Gold Profits Description:
Name: Elite Gold Profits
Niche: Binary Options.
Official Website: Access The NEW Elite Gold Profits Software!! CLICK HERE NOW!!!
What is Elite Gold Profits?
Elite Gold Profits is generally a binary options trading software application that is developed to help traders win and forecast the market trends with binary options. The software application also offers evaluations of the market conditions so that traders can understand what should be your next step. It gives various secret strategies that ultimately assists. traders without utilizing any complex trading indications or follow charts.
Elite Gold Profits Binary Options Trading Strategy
Base the Elite Gold Profits trading technique. After you see it working, you can begin to execute your method with routine sized lots. This method will pay off with time. Every Forex binary options trader must select an account type that is in accordance with their needs and expectations. A larger account does not indicate a larger earnings potential so it is a terrific idea to begin little and quickly add to your account as your returns increase based upon the trading choices you make.
Binary Options Trading
To assist you trade binary options properly, it is important to have an understanding behind the fundamentals of Binary Options Trading. Currency Trading, or foreign exchange, is based upon the viewed value of two currencies pairs to one another, and is affected by the political stability of the country, inflation and interest rates to name a few things. Keep this in mind as you trade and learn more about binary options to maximize your learning experience.
Elite Gold Profits Summary
In summary, there are some apparent concepts that have been checked in time, as well as some newer strategies. that you might not have considered. Hopefully, as long as you follow exactly what we recommend in this article you can either start with trading with Elite Gold Profits or improve on exactly what you have actually already done.
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Guaranteed Profits Review 2015 - Is Guaranteed Profits System SCAM Or LEGIT? Best Binary Options Trading Software. The Truth About Guaranteed Profits App By James And Roger Hargreaves Review

Guaranteed Profits Review 2015 - GUARANTEED PROFITS?? Learn the Secrets about Guaranteed Profits in this Guaranteed Profits review! So What is Guaranteed Profits Software all about? Is Guaranteed Profits System scam or does it really work?
To find answers to these concerns continue reading my in depth and honest Guaranteed Profits Review below.
Guaranteed Profits Description:
Name: Guaranteed Profits
Niche: Binary Options.
This is a complete game changer, and I GUARANTEE the second you see it you'll understand immediately that this is going to make a massive difference in your life.
This is gonna blow your mind...
Official Website: Access The NEW Guaranteed Profits System!! CLICK HERE NOW!!!
Exactly what is Guaranteed Profits?
Guaranteed Profits is essentially a binary options trading software application that is designed to assistance traders win and forecast the market trends with binary options. The software application also provides evaluations of the market conditions so that traders can know exactly what should be your next step. It offers different secret techniques and a little know loophole that will help traders without utilizing any complex trading indications or having to use any charts.
Guaranteed Profits Binary Options Trading Technique
Base the Guaranteed Profits trading method. After you see it working, you can begin to execute your method with routine sized lots. This technique will certainly pay off with time. Every Forex binary options trader should select an account type that is in accordance with their needs and expectations. A bigger account does not indicate a bigger revenue potential so it is a terrific idea to start little and quickly add to your account as your returns increase based upon the winning trading choices the software will make.
Binary Options Trading
To assist you trade binary options effectively, it is essential to have an understanding behind the fundamentals of Binary Options Trading. Currency Trading, or foreign exchange, is based on the perceived value of 2 currencies pairs to one another, and is influenced by the political stability of the country, inflation and interest rates to name a few things. Keep this in mind as you trade and learn more about binary options to optimize your learning experience.
Guaranteed Profits Summary
In summary, there are some evident concepts that have actually been tested in time, along with some newer strategies. that you might not have actually considered. Hopefully, as long as you follow what we recommend in this short article you can either get started with trading with Guaranteed Profits or enhance on what you have already done.
This amazing software let's you generate a autopilot income using this binary options trading system.
These secrets are exclusive. You won't find a million and one binary traders using it.
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Pure Profits Review - Insider LOOK In The NEW Pure Profits By Jeremy Owensky Binary Options Trading System

Fast Profits Review. #Binary. options. #1 Software. #autopilot. System. Free Download.. Fast Profits APP reviews

Read my comprehensive fast profits review before you make any mistake and spend your hard earned in vain. Free Download Fast Profits app reviews best binary options system autopilot Software...
Product Description Of Fast Profits:
Product complete : Fast Profits
Niche: Binary Options
Fast Profits Official website >:::> http://wwwfastprofits.co/GetBonus
Money-back Promise : 60 Days Money Back Guarantee
Bonus offer : Affirmative($250)
Download: Free download
What is Fast Profits Binary Options?
Fast Profits binary system was designed by Fast Profits Team, who has now dedicated himself to trading binary options and helping others do so at the same time. Besides, traveling the world and sharing his knowledge on the subject at his fully booked seminars, he has now come up with an automated system that trades for you.
Fast Profits Software Binary option trading is one of the easiest and fastest ways to make a handsome amount of money without having much experience and investment.. Fast Profits is a great development by a famous, well established and experienced options trader with a viewpoint to enable investors to perform different tasks with ease and convenience.
This is basically a software that is designed to help traders win and predict the market trend of their respective options. It works as a code to get financial success, shows traders how they can make money online, helps them to discover different ways to get huge returns on their investment.
This software also provide analyses of market conditions so that traders can know what should be their next step. It gives different secret strategies that ultimately help traders to make thousands of dollars only for a few dollars.
Fast Profits Reviews:
I have done a huge research about this binary options tool, believe me, I just have to check all the info before I start any type of business. What I have found out is that this is incredible, binary options trading tool that has a really high performance. When I thought about getting 75% of profit without it taking too much time, I just knew I had to try it out, especially when it is free right now.
While it is nearly impossible for any binary options software to deliver a 100% success ratio, but Fast Profits is proving itself to be the most resourceful among all other systems available right beside this one.
The extensive bets testing which had been done before it was actually made public has finally paid off and has made it rise as the top most binary options trading software.
It is highly recommendable software to people as with 80% accuracy they get to bring in close to 185% of their cost daily. The availability of a dedicated support team also plays a vital role in helping the users in case of any dubiety.
All plus points combined in one sends a pretty positive message to everyone in need of a perfect binary options trading software. Fast Profits is a world famous valuable book enriched with special strategies, techniques and tips of binary option trading. You know binary option trading is the easiest way to make money online where you can earn a great deal of money without having any pre-experience in the trading.
Earn With Fast Profits System?
Many Traders wonder if it’s possible to even earn anything with binary options Trading and think it might be all a scam. Many people around the world have great success with binary options if using the right tools and strategies. That's the truth.
In my opinion it’s no different than other forms of trading and be very profitable if you know what you are doing.
Before systems like Fast Profits you needed to learn everything from scratch, now. Either by attending seminars like the ones Fast Profits hosts or try to do it all by yourself. Which takes time and can’t be overwhelming if you don’t know anything about how trading works.
Is Fast Profits a Scam or Legit?
Actually, it’s impossible for it to be a scam. You’re literally signing up to watch a pro trade. You get to see him instantly, in real time, each day making trades, winning and losing (and winning much more than losing).
The results speak for themselves. He’s also helpful and teaches you along the way. I’m so impressed by this system because there is no doubt it is real. They don’t need to hype it up or make outrageous claims.
Does it actually work?
Many people will say that binary trading is a risky business and tend to stay away from it. But from my experience, high volatility means HIGH RETURN OF INVESTMENT. But this is where Fast Profits comes into play, the mathematical algorithm used by the software takes the guess work out choosing a winning profitable trade.
You don’t have to be an expert. Like I said earlier, I have personally tested Fast Profits and found the success rate is about 70%. I don’t know about you, but a 70% chance of making a profitable trade is VERY GOOD! I’ve never come across anything like this before. Keep reading, below are my results for the past week or so…
The Benefits Of Fast Profits:
Watch over the Shoulder of a Pro Every Day and you can learn as you trade.
Averaging 85% Winning Weeks – which means more potential profits for you
Fast Profits Are Completely Transparent
No previous experience with binary options trading needed
Web based, no need for downloads, also works on phones, tablets
You Can Even Watch Them From Your Phone (iPhone Users – Photon Browser)
No PC Downloads Required
Multiple Signals Every Day – You will receive average of 4 – 5 signals daily which is good enough for you to earn quick cash for your day.
Can turn $500 into $22991 in few days
The Negative Of Fast Profits:
100% foolproof success cannot be guaranteed, but over 80% of people have success with this
Must have computer or internet access
Must have about an hour a day (No something for nothing here)
View Of my Recommendation:
If you are ready to start making money online, there has never been a better opportunity than now. If you enjoy surfing the web for countless hours looking for the next hot tip, never being able to get focused, being overloaded with conflicting information, and not making money online, you should probably leave this page right now and get back to that strategy.
Fast Profits is recommended! If you buy this product and start implementing what teaches you I have no doubts that you’ll make money. Fast Profits works and it’s not a scam.
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U.S. Government Required Disclaimer - Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The purchase, sale or advice regarding a currency can only be performed by a licensed BrokeDealer. Neither us, nor our affiliates or associates involved in the production and maintenance of these products or this site, is a registered BrokeDealer or Investment Advisor in any State or Federally-sanctioned jurisdiction. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.
*CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Profits Now System is real Binary Option. Honest review

Golden Binary Profits Review 2015 - Is Golden Binary Profits SCAM Or LEGIT? Best Binary Options Trading Software. The Truth About Golden Binary Profits System By Jack Johnson Review

Golden Binary Profits Review 2015 - GOLDEN BINARY PROFITS?? Find Out The Secrets about Golden Binary Profits in this Golden Binary Profits review! So Exactly what is Golden Binary Profits Software all about? Does Golden Binary Profits System Actually Work? Is Golden Binary Profits Software scam or does it really work?
To find answers to these questions continue reading my in depth and truthful Golden Binary Profits Review below.
Golden Binary Profits Description:
Name: Golden Binary Profits
Niche: Binary Options.
Official Site: Access The NEW Golden Binary Profits System!! CLICK HERE NOW!!!
What is Golden Binary Profits?
Golden Binary Profits is generally a binary options trading software application that is developed to help traders win and forecast the marketplace trends with binary options. The software application also provides evaluations of the market conditions so that traders can know exactly what should be your next step. It offers various secret strategies that ultimately helps. traders without using any complicated trading indications or follow graphs.
Golden Binary Profits Binary Options Trading Technique
Base the Golden Binary Profits trading strategy. After you see it working, you can start to execute your method with regular sized lots. This method will certainly settle over time. Every Forex binary options trader must choose an account type that is in accordance with their requirements and expectations. A larger account does not indicate a bigger earnings potential so it is an excellent concept to start small and quickly add to your account as your returns increase based on the winning trading selections the software will make.
Binary Options Trading
To assist you trade binary options properly, it is very important to have an understanding behind the fundamentals of Binary Options Trading. Currency Trading, or forex, is based on the viewed value of two currencies pairs to one another, and is influenced by the political stability of the country, inflation and interest rates to name a few things. Keep this in mind as you trade and find out more about binary options to optimize your learning experience.
Golden Binary Profits Summary
In summary, there are some evident ideas that have actually been checked in time, in addition to some newer techniques. that you might not have thought about. Ideally, as long as you follow exactly what we suggest in this post you can either get going with trading with Golden Binary Profits or improve on what you have already done.
There Is Only A Very Limited Spaces Available
So Act Now Before It's Too Late
Click Here To Claim Your Exclusive Golden Binary Profits LIFETIME User License!!
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No gods, no kings, only NOPE - or divining the future with options flows. [Part 3: Hedge Winding, Unwinding, and the NOPE]

Hello friends!
We're on the last post of this series ("A Gentle Introduction to NOPE"), where we get to use all the Big Boy Concepts (TM) we've discussed in the prior posts and put them all together. Some words before we begin:

This post will be massively theoretical, in the sense that my own speculation and inferences will be largely peppered throughout the post. Are those speculations right? I think so, or I wouldn't be posting it, but they could also be incorrect.
I will briefly touch on using the NOPE this slide, but I will make a secondary post with much more interesting data and trends I've observed. This is primarily for explaining what NOPE is and why it potentially works, and what it potentially measures.

My advice before reading this is to glance at my prior posts, and either read those fully or at least make sure you understand the tl;drs:
https://www.reddit.com/thecorporation/collection/27dc72ad-4e78-44cd-a788-811cd666e32a
Depending on popular demand, I will also make a last-last post called FAQ, where I'll tabulate interesting questions you guys ask me in the comments!
---
So a brief recap before we begin.
Market Maker ("Mr. MM"): An individual or firm who makes money off the exchange fees and bid-ask spread for an asset, while usually trying to stay neutral about the direction the asset moves.
Delta-gamma hedging: The process Mr. MM uses to stay neutral when selling you shitty OTM options, by buying/selling shares (usually) of the underlying as the price moves.
Law of Surprise [Lily-ism]: Effectively, the expected profit of an options trade is zero for both the seller and the buyer.
Random Walk: A special case of a deeper probability probability called a martingale, which basically models stocks or similar phenomena randomly moving every step they take (for stocks, roughly every millisecond). This is one of the most popular views of how stock prices move, especially on short timescales.
Future Expected Payoff Function [Lily-ism]: This is some hidden function that every market participant has about an asset, which more or less models all the possible future probabilities/values of the assets to arrive at a "fair market price". This is a more generalized case of a pricing model like Black-Scholes, or DCF.
Counter-party: The opposite side of your trade (if you sell an option, they buy it; if you buy an option, they sell it).
Price decoherence ]Lily-ism]: A more generalized notion of IV Crush, price decoherence happens when instead of the FEPF changing gradually over time (price formation), the FEPF rapidly changes, due usually to new information being added to the system (e.g. Vermin Supreme winning the 2020 election).
---
One of the most popular gambling events for option traders to play is earnings announcements, and I do owe the concept of NOPE to hypothesizing specifically about the behavior of stock prices at earnings. Much like a black hole in quantum mechanics, most conventional theories about how price should work rapidly break down briefly before, during, and after ER, and generally experienced traders tend to shy away from playing earnings, given their similar unpredictability.
Before we start: what is NOPE? NOPE is a funny backronym from Net Options Pricing Effect, which in its most basic sense, measures the impact option delta has on the underlying price, as compared to share price. When I first started investigating NOPE, I called it OPE (options pricing effect), but NOPE sounds funnier.
The formula for it is dead simple, but I also have no idea how to do LaTeX on reddit, so this is the best I have:

https://preview.redd.it/ais37icfkwt51.png?width=826&format=png&auto=webp&s=3feb6960f15a336fa678e945d93b399a8e59bb49
Since I've already encountered this, put delta in this case is the absolute value (50 delta) to represent a put. If you represent put delta as a negative (the conventional way), do not subtract it; add it.
To keep this simple for the non-mathematically minded: the NOPE today is equal to the weighted sum (weighted by volume) of the delta of every call minus the delta of every put for all options chains extending from today to infinity. Finally, we then divide that number by the # of shares traded today in the market session (ignoring pre-market and post-market, since options cannot trade during those times).
Effectively, NOPE is a rough and dirty way to approximate the impact of delta-gamma hedging as a function of share volume, with us hand-waving the following factors:

To keep calculations simple, we assume that all counter-parties are hedged. This is obviously not true, especially for idiots who believe theta ganging is safe, but holds largely true especially for highly liquid tickers, or tickers will designated market makers (e.g. any ticker in the NASDAQ, for instance).
We assume that all hedging takes place via shares. For SPY and other products tracking the S&P, for instance, market makers can actually hedge via futures or other options. This has the benefit for large positions of not moving the underlying price, but still makes up a fairly small amount of hedges compared to shares.

Winding and Unwinding

I briefly touched on this in a past post, but two properties of NOPE seem to apply well to EER-like behavior (aka any binary catalyst event):

NOPE measures sentiment - In general, the options market is seen as better informed than share traders (e.g. insiders trade via options, because of leverage + easier to mask positions). Therefore, a heavy call/put skew is usually seen as a bullish sign, while the reverse is also true.
NOPE measures system stability

I'm not going to one-sentence explain #2, because why say in one sentence what I can write 1000 words on. In short, NOPE intends to measure sensitivity of the system (the ticker) to disruption. This makes sense, when you view it in the context of delta-gamma hedging. When we assume all counter-parties are hedged, this means an absolutely massive amount of shares get sold/purchased when the underlying price moves. This is because of the following:
a) Assume I, Mr. MM sell 1000 call options for NKLA 25C 10/23 and 300 put options for NKLA 15p 10/23. I'm just going to make up deltas because it's too much effort to calculate them - 30 delta call, 20 delta put.
This implies Mr. MM needs the following to delta hedge: (1000 call options * 30 shares to buy for each) [to balance out writing calls) - (300 put options * 20 shares to sell for each) = 24,000 net shares Mr. MM needs to acquire to balance out his deltas/be fully neutral.
b) This works well when NKLA is at $20. But what about when it hits $19 (because it only can go down, just like their trucks). Thanks to gamma, now we have to recompute the deltas, because they've changed for both the calls (they went down) and for the puts (they went up).
Let's say to keep it simple that now my calls are 20 delta, and my puts are 30 delta. From the 24,000 net shares, Mr. MM has to now have:
(1000 call options * 20 shares to have for each) - (300 put options * 30 shares to sell for each) = 11,000 shares.
Therefore, with a $1 shift in price, now to hedge and be indifferent to direction, Mr. MM has to go from 24,000 shares to 11,000 shares, meaning he has to sell 13,000 shares ASAP, or take on increased risk. Now, you might be saying, "13,000 shares seems small. How would this disrupt the system?"
(This process, by the way, is called hedge unwinding)
It won't, in this example. But across thousands of MMs and millions of contracts, this can - especially in highly optioned tickers - make up a substantial fraction of the net flow of shares per day. And as we know from our desk example, the buying or selling of shares directly changes the price of the stock itself.
This, by the way, is why the NOPE formula takes the shape it does. Some astute readers might notice it looks similar to GEX, which is not a coincidence. GEX however replaces daily volume with open interest, and measures gamma over delta, which I did not find good statistical evidence to support, especially for earnings.
So, with our example above, why does NOPE measure system stability? We can assume for argument's sake that if someone buys a share of NKLA, they're fine with moderate price swings (+- $20 since it's NKLA, obviously), and in it for the long/medium haul. And in most cases this is fine - we can own stock and not worry about minor swings in price. But market makers can't* (they can, but it exposes them to risk), because of how delta works. In fact, for most institutional market makers, they have clearly defined delta limits by end of day, and even small price changes require them to rebalance their hedges.
This over the whole market adds up to a lot shares moving, just to balance out your stupid Robinhood YOLOs. While there are some tricks (dark pools, block trades) to not impact the price of the underlying, the reality is that the more options contracts there are on a ticker, the more outsized influence it will have on the ticker's price. This can technically be exactly balanced, if option put delta is equal to option call delta, but never actually ends up being the case. And unlike shares traded, the shares representing the options are more unstable, meaning they will be sold/bought in response to small price shifts. And will end up magnifying those price shifts, accordingly.

NOPE and Earnings

So we have a new shiny indicator, NOPE. What does it actually mean and do?
There's much literature going back to the 1980s that options markets do have some level of predictiveness towards earnings, which makes sense intuitively. Unlike shares markets, where you can continue to hold your share even if it dips 5%, in options you get access to expanded opportunity to make riches... and losses. An options trader betting on earnings is making a risky and therefore informed bet that he or she knows the outcome, versus a share trader who might be comfortable bagholding in the worst case scenario.
As I've mentioned largely in comments on my prior posts, earnings is a special case because, unlike popular misconceptions, stocks do not go up and down solely due to analyst expectations being meet, beat, or missed. In fact, stock prices move according to the consensus market expectation, which is a function of all the participants' FEPF on that ticker. This is why the price moves so dramatically - even if a stock beats, it might not beat enough to justify the high price tag (FSLY); even if a stock misses, it might have spectacular guidance or maybe the market just was assuming it would go bankrupt instead.
To look at the impact of NOPE and why it may play a role in post-earnings-announcement immediate price moves, let's review the following cases:

Stock Meets/Exceeds Market Expectations (aka price goes up) - In the general case, we would anticipate post-ER market participants value the stock at a higher price, pushing it up rapidly. If there's a high absolute value of NOPE on said ticker, this should end up magnifying the positive move since:

a) If NOPE is high negative - This means a ton of put buying, which means a lot of those puts are now worthless (due to price decoherence). This means that to stay delta neutral, market makers need to close out their sold/shorted shares, buying them, and pushing the stock price up.
b) If NOPE is high positive - This means a ton of call buying, which means a lot of puts are now worthless (see a) but also a lot of calls are now worth more. This means that to stay delta neutral, market makers need to close out their sold/shorted shares AND also buy more shares to cover their calls, pushing the stock price up.
2) Stock Meets/Misses Market Expectations (aka price goes down) - Inversely to what I mentioned above, this should push to the stock price down, fairly immediately. If there's a high absolute value of NOPE on said ticker, this should end up magnifying the negative move since:
a) If NOPE is high negative - This means a ton of put buying, which means a lot of those puts are now worth more, and a lot of calls are now worth less/worth less (due to price decoherence). This means that to stay delta neutral, market makers need to sell/short more shares, pushing the stock price down.
b) If NOPE is high positive - This means a ton of call buying, which means a lot of calls are now worthless (see a) but also a lot of puts are now worth more. This means that to stay delta neutral, market makers need to sell even more shares to keep their calls and puts neutral, pushing the stock price down.
---
Based on the above two cases, it should be a bit more clear why NOPE is a measure of sensitivity to system perturbation. While we previously discussed it in the context of magnifying directional move, the truth is it also provides a directional bias to our "random" walk. This is because given a price move in the direction predicted by NOPE, we expect it to be magnified, especially in situations of price decoherence. If a stock price goes up right after an ER report drops, even based on one participant deciding to value the stock higher, this provides a runaway reaction which boosts the stock price (due to hedging factors as well as other participants' behavior) and inures it to drops.

NOPE and NOPE_MAD

I'm going to gloss over this section because this is more statistical methods than anything interesting. In general, if you have enough data, I recommend using NOPE_MAD over NOPE. While NOPE in theory represents a "real" quantity (net option delta over net share delta), NOPE_MAD (the median absolute deviation of NOPE) does not. NOPE_MAD simply answecompare the following:

How exceptional is today's NOPE versus historic baseline (30 days prior)?
How do I compare two tickers' NOPEs effectively (since some tickers, like TSLA, have a baseline positive NOPE, because Elon memes)? In the initial stages, we used just a straight numerical threshold (let's say NOPE >= 20), but that quickly broke down. NOPE_MAD aims to detect anomalies, because anomalies in general give you tendies.

I might add the formula later in Mathenese, but simply put, to find NOPE_MAD you do the following:

Calculate today's NOPE score (this can be done end of day or intraday, with the true value being EOD of course)
Calculate the end of day NOPE scores on the ticker for the previous 30 trading days
Compute the median of the previous 30 trading days' NOPEs
From the median, find the 30 days' median absolute deviation (https://en.wikipedia.org/wiki/Median_absolute_deviation)
Find today's deviation as compared to the MAD calculated by: [(today's NOPE) - (median NOPE of last 30 days)] / (median absolute deviation of last 30 days)

This is usually reported as sigma (σ), and has a few interesting properties:

The mean of NOPE_MAD for any ticker is almost exactly 0.
[Lily's Speculation's Speculation] NOPE_MAD acts like a spring, and has a tendency to reverse direction as a function of its magnitude. No proof on this yet, but exploring it!

Using the NOPE to predict ER

So the last section was a lot of words and theory, and a lot of what I'm mentioning here is empirically derived (aka I've tested it out, versus just blabbered).
In general, the following holds true:

3 sigma NOPE_MAD tends to be "the threshold": For very low NOPE_MAD magnitudes (+- 1 sigma), it's effectively just noise, and directionality prediction is low, if not non-existent. It's not exactly like 3 sigma is a play and 2.9 sigma is not a play; NOPE_MAD accuracy increases as NOPE_MAD magnitude (either positive or negative) increases.
NOPE_MAD is only useful on highly optioned tickers: In general, I introduce another parameter for sifting through "candidate" ERs to play: option volume * 100/share volume. When this ends up over let's say 0.4, NOPE_MAD provides a fairly good window into predicting earnings behavior.
NOPE_MAD only predicts during the after-market/pre-market session: I also have no idea if this is true, but my hunch is that next day behavior is mostly random and driven by market movement versus earnings behavior. NOPE_MAD for now only predicts direction of price movements right between the release of the ER report (AH or PM) and the ending of that market session. This is why in general I recommend playing shares, not options for ER (since you can sell during the AH/PM).
NOPE_MAD only predicts direction of price movement: This isn't exactly true, but it's all I feel comfortable stating given the data I have. On observation of ~2700 data points of ER-ticker events since Mar 2019 (SPY 500), I only so far feel comfortable predicting whether stock price goes up (>0 percent difference) or down (<0 price difference). This is +1 for why I usually play with shares.

Some statistics:
#0) As a baseline/null hypothesis, after ER on the SPY500 since Mar 2019, 50-51% price movements in the AH/PM are positive (>0) and ~46-47% are negative (<0).
#1) For NOPE_MAD >= +3 sigma, roughly 68% of price movements are positive after earnings.
#2) For NOPE_MAD <= -3 sigma, roughly 29% of price movements are positive after earnings.
#3) When using a logistic model of only data including NOPE_MAD >= +3 sigma or NOPE_MAD <= -3 sigma, and option/share vol >= 0.4 (around 25% of all ERs observed), I was able to achieve 78% predictive accuracy on direction.

Caveats/Read This

Like all models, NOPE is wrong, but perhaps useful. It's also fairly new (I started working on it around early August 2020), and in fact, my initial hypothesis was exactly incorrect (I thought the opposite would happen, actually). Similarly, as commenters have pointed out, the timeline of data I'm using is fairly compressed (since Mar 2019), and trends and models do change. In fact, I've noticed significantly lower accuracy since the coronavirus recession (when I measured it in early September), but I attribute this mostly to a smaller date range, more market volatility, and honestly, dumber option traders (~65% accuracy versus nearly 80%).
My advice so far if you do play ER with the NOPE method is to use it as following:

Buy/short shares approximately right when the market closes before ER. Ideally even buying it right before the earnings report drops in the AH session is not a bad idea if you can.
Sell/buy to close said shares at the first sign of major weakness (e.g. if the NOPE predicted outcome is incorrect).
Sell/buy to close shares even if it is correct ideally before conference call, or by the end of the after-market/pre-market session.
Only play tickers with high NOPE as well as high option/share vol.

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In my next post, which may be in a few days, I'll talk about potential use cases for SPY and intraday trends, but I wanted to make sure this wasn't like 7000 words by itself.
Cheers.
- Lily

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