### Comment:
this is very interesting. would you please give an example of a trade you made using this strategy to help illustrate your thought process and decision details?  
  
 and i'm assuming you basically just do statarb now instead of pair trades, right?

### REPLY:
From this morning: 
  
 Citigroup ($C) dropped a bunch overnight, so it was quantitatively low compared to other stocks its correlated with. So at about 9:45 when it was at $74.35 I bought some (about $4k worth) ATM calls (11/22 $74). $C bounced up a bit, I sold the calls when it hit $74.65 for a profit of about $400. 
  
 Yes to your second question

### END.