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TLT...buying Jan downside and protecting w/ buys of the Jan 127/130 call spread...swinging for the fence on magnitude but worried about the pop over 130...

:)

Are they still around / everything okay? I just notice the web-site is not working anymore. Any info???

here is a fun little quote from Wikipedia about Cohen: "After Wharton, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co. in 1978. On his first day on the job, he made an $8,000 profit, and eventually was making around $100,000 a day for the...

Steven Cohen started out in options trading at Grundel (now defunct). So there is your answer really. Don't forget the guys who made it huge in options e.g. Blair Hull, the Ritchie Brothers, Jeff Yas (SIG). Options is my bag so take my opinion for what it's worth and no more, but I'd say...

A lot of those e.g. Optiver/IMC should pay closer to 50k from my experience. I don't think it was too long ago though that the # was more like 30k.

I could be wrong but I think niether are going to let you trade overnight with anything, and you will never be able to trade options. Just so ya know. Sean

I think there have been some decent points made here, but I want to elaborate on some things: 1. Like others said, the access to customer 'paper' or order flow (by "customer" I mean hedge funds, finance savvy wealthy individuals, major prop firms, etc.) is highly valuable. Down on the...

from what I've seen only the top firms who are going to peak into their in-house software, market making technology / etc, are going to make you sign a non-compete...i might even go so far as to say it is a sign of legitimacy. I know Susquehanna is the most notorious for their 3 year...

There is definitely the depth in SPY to trade 1000+ contracts like I said the SPX has depth to trade 1000+ contracts in bigger $$$ terms. The only issue you might have is if you're commish is quotes on a per contract basis and like I said call up your broker they will negotiate if you're going...

Somebody mentioned that they could use somebody's opinion from the CBOE floor...I am on the CBOE floor only as a clerk but I could tell you this: 1) the market makers in the SPX make their money by standing next to the brokers who get the paper from the big NY institutions. It is not...

I can't find a web-site on them but I spoke with a floor broker today on the CBOE from Platinum...that should stand for something...

they definitely have plenty of representation on the CBOE floor I'm sure there's a good staff of traders back in the office too...

gotcha, thanks.

When is good for everyone on Friday? How about 4pm? Ceres outside patio?

Maverick yeh I'm sure there isn't too much interest to hook up but we don't need to much either I'd be fine with 3 or 4 guys. Ceres will fill up early good point but maybe we can sit outside or find a table, on expiration around 5 the bar was packed but there were plenty of tables off to the...

When did I mention anything about Citi? And who is KFP?

Chiguy how you doin? Holdin in there I hope??? Been out of the market completely this past week?? Hope all is well. p.s. I'm in Chi now if you want to hook up some time for a drink, I'd love it. pm me.

same here! just got done w/ my first week on the CBOE floor clerking...hung out at Ceres on Friday after expiration was a great time lots of people hanging out watching the Cubs-Sox game, the Euro Cupp, and happy to end the expiration cycle. Would love to get together w/ some ETers!!! Any...

I am not versed on Citadel's specific practices but they are fast, I know that. A lot of floor MMs have gotten pick-pocketed in vol/price pops by big electronic boys...Citadel in particular. They make a lot of markets too. Maybe not like the crazy quant but yes they're there... And...