Recent content by The Knight

Def, There is nothing incorrect about my assertions and there is no misinterpreting or twisting your direct quote. Our converstion is centered around US option markets - NOT Chinese markets. The problem I have with you is that you do not know what you are talking about - you are not a US...

Def, Just like I told your trader in the pit the other day - "You talk a lot for someone who reads a box!" Facts: You have never traded on a floor exchange. You currently do not live in the US. You do not trade in the US. In fact, you currently are not even a trader. You work for a...

Killed myself laughing Stock... :) Very, very funny.... The Knight

Def, Of course attitudes have changed since multiple listing. The various option exchanges had a monopoly on their respective issues and essentially could do whatever they wanted to the customer. That said, I don't blame the exchanges for that. The securities regulators and the government...

Def, Since you have never traded on a US exchange let me enlighten you - Anyone that has, knows what your firm is all about - throw guys into a pit and have them do what the computer tells them. You may have convinced this day trading audience that you are an authority on trading options, but...

"Knight, are you trading or waiting around to scalp those unassigned ITM options on Monday morning?" - Stock 777, (page 13). I don't believe there is any ambiguity in your comment, did you mean something else? Your comment seemed pretty clear to me. You know, I'll bet when trading you do...

Hello Sail, Thanks for your input and encouragement. As you know seat prices have really declined over the past year. An AMEX seat last year was about $16K/mo. now it can be had for $5K. On the P-Coast the exchange has lost half it's traders and staff because the money isn't there anymore...

Def, It's like I told you in a previous post - what do I know... I only do this day in and day out, am familiar with almost all of the groups on the floor and actively trade for a living. You write posts on the board, but by your own admission don't trade for a living or even live in the US...

Timber (Def), You and I both know that your employees are the least knowledgable trading group there is. The success of your firm is directly correlated to your programers who developed a system that shows the firms macro risk profile and adjusts bids and offers to limit that risk. i.e. If...

Def, You and I both know that the criteria to be a Timber Hill trader is to put your hand up palm in (tap a keyboard) when the screen goes green, and put your hand up palm out when the screen goes red. The other day I had to explain what a married put was to one of your guys! Just be honest...

Hello Merlin (Def), My apologies. You are right regarding Timber's centralization of their trading operations. Firms other than Timber, who hire traders to actively think and therefore empower their traders to trade rather than simply read a box - do you guys still buy on green and sell on...

Thanks for responding Don, I too agree that electronic markets are the way of the future, but that currently they do not offer the depth and liquidity of the floor. As for the AMEX's specialist system, would I prefer open outcry - YES. That said, as you know all of the exchanges have...

Def & Don, what you don't seem to realize is that those notable companies that you are speaking of - Timber, BearHunter, Knight, Hull, Wolve, CTC etc. have their main trading operations on the floor. In fact, most of the people market making on the ISE came from the floor. I've seen the ISE...

Hello Tony, I'm glad to hear that you got a good ISE fill. I'm also disappointed that the ASE faded you and wouldn't be stand up. My recommendation for trading SEBL options is to go to their primary market and trade there. Prior to dually listing options, they were traded in only one...

You're right too Stock. I think I'm out of my depth here. The insight and knowledge is overwhelming... The Knight