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I dont trade with the screens, every market I deal on is live quoted to me live from my floor broker and all the markets I get are tighter then any screen market. I came here because this is funny to me. There is nothing you know. How do we all know this? because you seem to think that there...

I see you're just another brave soul lobbing insults as you hide behind your computer in anonymity, gee we enver see that on a board. I am sure I trade more SPX contracts in a week then you trade in a year, and have been doing so for years. There are hoards of mm's in that pit who make a...

Kevin, Its not worth the effort on a thread like this. day is not interested in any facts he assumes, like many people in the vast anonymity of the Internet that his opinion is the only correct one and its a fact if he believes it. His "system" obviously is pointless since there is no...

The overnight margin especially for a retail guy is silly on naked index puts. You're taking someone elses geopolitical risk each night for small premiums. The other issue is volatility skew in the puts is so great that in order to take in any decent premium on a spread you have to spread the...

I was talking about the firm guys and mm's in the SPX from 3:30 on there were basically no markets in the 1420 and higher calls. We had one desk call us and ask us for a price in the 1430's after the cash closed because the floor market was 1 dollar at 5 dollars 10 up.

Trade smaller size and use stops in the underlying. Sounds like you're trying to drive a finishing nail with a sledge hammer by using an options position where you cross 3 markets in order to leverage a short term spec in the market

Why in the world would you need a multi leg options position if you're so good at predicting short term moves in the underlying? What a waste it is to cross three markets to put on a position if you're looking to capitalize on short term moves which you say you can predict. Why not just use the...

I heard even more people got smoked on the opening settlement prices in stuff like the SPX

A mm would simply trade the fly for edge so there is little interest in it unless he, the mm, is closing on it or see's edge in it. Generally the market will make the customer pay the barriers of entry or exit (the bid offer spread ) in a position that has three legs. Granted that barrier has...

25 was not even that high a few years back LOL

If you keep leaving it out there just off the bid there is NO incentive for any MM to step up and buy it from you. With the fly you’re crossing 3 markets and it sounds like you’re not in a very liquid market for those options. Unless that 5 cents is a huge % of your profit then why not just...

Ahh hit the bid for 5 more cents? LOL

the real garbage thats posted on yahoo is funny as heck these days

You guys are hysterical ... .I do get many laughs from the shear nuts over on yahoo but the sublime humor here is an nice break from the nasty hate filled rants over there

If you knew it was going to 550-560 why didnt you stick with it? Maybe you speculated that it might fall to 550-560 but you were taken out of your position because you were not sure it would make it there and the temptation to take profits was too great? Dont fret people have been doing...

Don’t apologize on my account, these anonymous web boards are filled to the gills with internet bullies who seek validation via insults and establishing themselves in their perceived pecking order. The entitlement to say or think anything is a given, it’s not a privilege bestowed upon one...

“Honestly, your post is clueless. Longterm stock holders don't worry about 10 days this and that, they use what the market is giving. The ones i know anyway.” Who said that long term stock holders are necessarily worried? In your smugness you assume that I implied that. The simple fact...

I am not talking about the people who trade their positions actively. Hell I have been long the juice in the SPX for 10 days and I have sold puts vs the juice but that’s trading. If you put on covered call positions or naked short puts in the last few weeks you’re losing money. You can say...

There is no generalization if you are doing a covered call strategy here or a naked put strategy you've gotten smoked in the last month

Kevin Fisher?