Search results

Indignant and self-rightous, its a good start I agree, but do I have a "positive attitude", that's what some feel is the missing ingredient. I would just say that some consider people pessimists, but pessimists consider themselves realists. Anyway, I appreciate you're using the words "volatility...

scriabinop23: I already recommended Baird's "Options Market Making" in another thread, but I too would like to find the equivalent "Futures Market Making" book. (3) I'm not sure I agree; I still guess you wait in line until someone takes the full other end of the contract, rather than get...

Theres another thread with a bit of info http://www.elitetrader.com/vb/showthread.php?s=&postid=1106248#post1106248 If you're short the future, someone is long the same contract. The money comes out of their account and goes into yours. Or vice-versa. The clearinghouse and the brokerages...

Actually I haven't traded options for 2 months now, except for that INTC call I picked up a couple days ago. I wish people wouldn't blow this out of proportion; when I talk about some "axis-of-evil" we're trading against, I mean specifically the market makers and the banks. I don't know why...

Some of your points are well taken, philosophically, but my specific point is that options market makers get inside fills all day long, get them quickly, listen in on the futures pit (according to Baird) and balance their greeks. I'm willing to ignore the fact that they're all Masons, but all...

I'm glad this post is interesting to people, and I and many others are here to learn. I can also agree philosophicaly with some of the philosphical criticism raised. NTL, I have made a number of specific points in my initial and subsequent postings. Nobody seems to contest them, and nobody...

The contract listings are here: http://www.cme.com/clearing/clr/lis...s.html?type=hng At this writing, only Miami and L.A. have options, but all 10 city areas have futures. Still no info under Time & Sales. It's been a month now. Anyone know if these are selling, and a broker that...

The contract listings are here: http://www.cme.com/clearing/clr/list/contract_listings.html?type=hng At this writing, only Miami and L.A. have options, but all 10 city areas have futures. Still no info under Time & Sales. It's been a month now. Anyone know if these are selling, and a...

Someone on this board turned me on to Options Market Making by Allen Jan Baird, which tells you a bit about how the market makers operate. Would you rather own the casino or gamble in it? And as long as people keep showing up in the casino, there's no reason to change the rules right?

I mean no disrespect to sgv or ReardenMetal, but let me ask a question. How about if we quintuple the quantization of options prices, so instead of trading in 5 and 10 cent increments, they trade in 25 and 50 cent increments. What does an option specialist think about this idea, and what do the...

This sounds like a rationalization put forward by the market makers. Are we then to conclude that straight equities would become more liquid if they were quantized to nickel/dime increments? Or they were, back in the day when they were in sixteenths? Having my order sit on the book all day is...

IMHO, volatility plays are really just, speculating on the direction of volatility. There's nothing magic about volatility; unless you try to neutralize as many greeks as much as is reasonable, you are speculating. Maybe you have an edge that empowers you to speculate... only time will tell. I...

Yes, my edge was not so hot, so leveraging it with options was not productive. I regret perpetuating that myth. Would like to see an analysis of the dollar weighted expectation. Found some interesting papers here but I don't think I ever knew enough math to read them...

It may come to the same, but not only are they ten percent, but they have to end in nickels (or dimes if $3.00 and up). You can try for "price improvement" by routing your order to BOX, though the routing may cost extra. It may be 5 or 10 cents but if the contract costs $2.00 that's not ten...

I started trading options because I thought I had an edge. A friend's nephew is in the industry and said "I would not trade options at retail". Following, my experiences and conclusions. I read a few academic books about options and its quite interesting. But trading them retail, I found that...

http://www.cme.com/trading/prd/overview_HNG18558.html http://www.cme.com/trading/prd/env/...gover16250.html IB is not offering these yet: "At this time, upper management is considering whether to add this product to our system or not. Please keep posted to the web site for any changes in our...

They start trading these today, May 22nd. So we'll soon see if they fall on their face as many are fond of predicting. http://www.cme.com/trading/prd/overview_HNG18558.html http://www.cme.com/trading/prd/env/housingover16250.html IB is not offering these yet: "At this time, upper...

At IB, Margin IRA just means the trades settle the same night, not after 3 days. It DOES NOT mean its a margin account with borrowing. Nobody is allowed to offer an IRA with that.

Thanks for that; quote.com is interesting but I got your data before I could dig out my credit card and sign up for their 14 day trial. My conclusion, probably to this entire thread, is that my conspiracy theory remains unproven. IB routed me to CBOE, but they didn't execute a single trade on...

I agree with you that it is possible. But it happens so regularly that I doubt people are like, OK here is a bid, and then a minute later they cancel it, with the underlying not moving. Though yes, NVDA underlying was dropping, and things are a bit lock step since options are in nickel/dimes. I...