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Joe has no effect on the market and there are not enough Joe's for the pros to care about

Put or call is meaningless you're either long the strike or short it. Long the 16 put and long stock is the samething as long the 16 call. Max pain is a useless notion. Long the 17.5 call and short stock is the same as long the 17.5 put. Every pro who trades and makes markets in those...

I found it yesterday, nice little pick me up! Thanks!!!

The "max pain" theory is a joke. Now link us to the daily hottie page please

You have 20 years in the business? Making markets on the floor and providing off floor liquidity in everything from plain vanilla to otc exotics on all sorts of underlyings? The floor today is about making sure all your systems are running right and you're streaming quotes in line with the...

Not sure what your experience is but I have 20 years in the business both on the floor and from institutional desks. I didn’t say it had to be a hedge, I just said you really have no way to know. I agree the whole look of the trade stinks and I would guess the SEC is already involved. My...

Sorry but there is no "usual" way to hedge and the stock holder can choose to do it anyway they like. I am equally as sure that order was shopped upstairs long before it hit the tape.

Sorry but you have no way of knowing whether or not the firm who did that risk reversal was long stock already. The prices and the time mean nothing, they may have been long stock from anytime in the past. IMO the SEC should look into the timing of the options trades and I am sure they will...

Pretty much what I outlined would happen on your first post about the topic has occured. Its easy now to say the "standard buy the X sell the Y" but thats after the fact so not worth mentioning now.

John made some good points and I’ll add a little more color too. I have traded hundreds of thousands of SPX contracts over the years and we spread our order flow to a couple different floor brokers, we also call right to the floor with our orders and we get “shows” from the floor brokers...

Taking a look at your “guide” and answering those questions: (By the way you can offer all the trade advice you like it’s a public message board) 1) Before they get this close to announcing the exact terms of the deal the lawyers for the IB whose doing the deal have already worked...

I don’t think anyone is jumping on him for anything about FV or TV pricing. I don’t think anyone has said unequivocally priced perfectly particularly on expiration day. Quite frankly to me it’s obvious that the OP does not give a hoot about TV or FV. In the real world, when I was a MM I...

The SPX is a single listed open outcry pit. Your spread order is manually executed so its takes time.

Notice how the stocks up over 10% today and those calls are down. The day to sell was yesterday.

You missed the boat on PCLN, yesterday was earnings and the VOLa crush was today

There is no "getting into trouble" it can easily be proved they are equivilants again NONE of that has to do with litigation. You're interpretation on who is a greater victim has no bearing on the law.

How could that be? What legal precedent supports that?

I like Marti's sense of humor and I respect his knowledge of options too. In fact we've been on opposite sides of several options related debates over the last bunch of months and none degenerated into childish arguments. Now that you’ve ducted the question for the first time, let’s try...

What would "litigation" have to do with anything? This is getting funnier by the moment. Litigation:D

Wow thanks, I was beginning to fear the worst!