Hostile Takeover Rocks Web 3.0 + a major UPGRADE to announce!

Throughout my 25-year trading career, I have always relied on correlations. I started trading at the Chicago Mercantile Exchange with a focus on trading the relationship between S&P 500 Futures and Nasdaq Futures. When one index would trade higher, it wasn’t long before the other would follow.

I then traded Interest Rate Futures, in which traders compare the relative value to the different points on the US Treasury Yield Curve.

As an options market maker, we use correlations to value different sectors. For example, a market maker of $UBER needs to watch the trading behavior of $LYFT.  Neither of these companies will trade independently from the other in a longer time period, unless there is a material change in one of the companies.

When Wall Street Wiretapper picks up multiple scans from the same industry, there’s a higher likelihood that names in that sector will move like contemporaries in the sector. This is a great method to find companies that are not as widely followed.