Recent content by Madgenius

Did you contact the exchange? The should give you an explanation if not a fill.

Put call parity. I'd explain but if you are interested google it. The call may not seem to reflect the div. because the call reflects the value of the dividend less the value of the put.

dividends decrease the value of calls that are not an exercise for the dividend. if the calls are an exercise for the dividend then the value of the call goes up.

NYSE websites indicates that Real Time Open Book is being beta tested. Is anyone beta testing? Anyone know when it will be released? does anyone know anything about it?

I can confirm this is true. It's is very crowded on the floor and people bump into each other alot. The X let's people know to be carefull.

As a Professional option trader I don't use any of these brokers. But if I had the choice of a broker who defaults to P-coast or the ISE. I would choose the ISE. Best executions, Price improvement, fast cancels, tight markets. I don't trust the P-Coast and I trade on the Amex.

Your time at SIG can be many things. Learn everything you can, volunteer for every project, be the one they want to keep and you will be paid very well. They have many different businesses and will be open to your new trading ideas. Take chances. If on the other hand things don't...

I'm trying not to be defensive. A fee gives the exchange more money to buy technology, and discourages the practice that strains the same technology. Apparently the fee is enough of a disincentive to the "abusers." Is this just a convenient way for exchanges to get rid of orders they...

I always hedge deltas. but sometimes I miss the stock. and trades have vega, theta and rho too. so there are alot of ways to lose money on a trade that initially is a winner. MG

It's hard to determine what % of trades are winners. MMs have theoretical edge on most trades. but you can't get a check for theoretical. The hard part of MM is holding a position. I might make money buying options and then lose it back and more in decay until expiration. or sell...

Hostility isn't needed here and I don't accept yours. I've lost money on many trades. congrats on your success. also realize that both sides of an option trade can be winners. So maybe you made money on the trades and I did too. Have a good day trading.

I'd like to respond to everyone. Right, now I can't. but to those responding to my messages. Please read carefully, I know the rules of my exchange. Never did I say customers were making markets. Customer has a specific meaning in options. Customers do not get market maker...

I heard some good stuff. Yes, a threshold is a good idea. OK let's says it's order size, what size? 10, 20, 50 or volume per day, how many orders should you get for free? ----------------- Am I pissed off, because my business is being hurt? No, I long ago learned that I have...

First, I am an option market-maker at an exchange. I don't get paid any money from cancellation fees. Exchanges collect the fees and they aren't making much money. My understanding is the fees were imposed because of the actions of relatively few customers. These customers have used...