Search results

its a spread so it does not distort anything, only the net price of the spread matters and on a NBBO option they're not going to print through other orders

IB does not need to know. When the spread is executed on the CBOE its gets posted to the tape as a "spread" and therefore since the SPX is a single listed option the prices of the individuals on the spread can trade through. ITs not an IB issue thats the way the market on single listed options works

I am sure thats been priced into the stock for a while since the rumors have been around.

INTC to 90? whats that a 400% plus move? Okie dokie. Selling your common and buying some other calls are not and should not be looked at in the same context. If you're selling your common to take profits thats fine, selling it to buy calls is a totally different mind set and trade. First of...

Just about all the decent brokers offer systems which already do that.

No NBBO on SPX since its a single listed option. They technically should not have printed that leg of the spread through your bid but by the letter of the law they can

So people did the synthetic put, bot calls and shorted the stock. The point I was making is volume spikes in options are meaningless since you dont ever know what they did with the options or if they are buy to open buy to close sell to open sell to close what underlying trades were...

Where does GS win in that scenario? One team loses the other wins all they did was move money around on a balance sheet. The market could care less what an unknown investor is thinking or doing.

Volume spike so a lot of people where in shorting the calls huh, they think its going down huh?

Does it matter what size lots people trade? The real issue is that buying options to leverage your directional guesses in the market and time the markets historically is a loser.

I quoted a line from the book "Clear and Present Danger" the situation is where Jack Ryan is talking to the head of the Columbian cartel, the clear implication is that the kind of coffee they are talking about is not the kind you drink in the morning.

I am with spin on this one. Forget the dividend and the fluctuations in the IV or the shape of the skew in the IV curve. You need to figure out your correlation to the SnP500 first and foremost. After that, you’re a market taker not a market maker so you could come up with any fair value...

I heard the coffe buying business is very dangerous these days

In pure statistical terms you're absolutely correct, thanks for pointing that out. I guess my comments were more off the cuff and geared more at the fact that hedge funds are not putting on 17 cent or less call spreads and calling it a strategy they can sell. Heiasafari, thanks for...

Donna, that ratio sucks no matter who looks at it and no funds are sitting around selling call spreads and staying in business.

where is the big spread you were talking about?

A couple of other classics... When a floor broker is working a shitty offer and someone in the pit would shout.. "Take.... me out to the ball game" Floor broker working a shitty order which he keeps quoting and then shows 1 tick better bid or offer and everyone yells "tempting"

Ahh the old spot wars. I remember the arguments about when you got to the pit 2 hours before the opening and sat in your spot but got up to take a leak and left a trading card there an argument would erupt when you returned to find some 25 up guy standing there. There was actually a fist...

"got a hunch? buy a bunch" or one of my all time favoirtes sung to the tune of "If you're happy and you know it" When you dont know what to do, do a spread When you dont know what to do, do a spread When you dont know what to do and you got on effen clue, When you dont know what to do...

"smoke em if you got em" "hit the bid or hit the road" "can you tighten up that market a bit? Its for a new guy" "I sold em higher in Aisa last night" "I'll buy em at that price till the cows come home" "Mooo"