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Holy shit, 9120 contracts! So he had bought those puts for .10 and then found the exchange with the least amount offered at .05 when the contracts were worthless, used this guys account to buy 9120 to get half his money out. What a fucking idiot! Didn't he realize that they would figure it...

What day does it open? Does anybody know if the Box gives customer orders priority or is it first come, first served no matter if its MM, CS or BD?

It was the powerfull move that day from a low of 1001 at 11:00am up to 1117 at the close for the SPX while with no major downticks. I forget the exact term for these days, but is premised on the that the first hour/ hour and a half is all noise and once that's cleared out, long-term traders...

Sometimes, it is better to be lucky than good, today is no different. On Wednesday, as the market rallied, I closed out my short call position and in fact went long premium and deltas. The deltas part is more of the fact my brokerage had issued me a margin call and blocked me from selling any...

Find the trades that you make money on, then repeat. It sounds like you have plenty of losses to learn from, but there aren't any winners so far.

That's crap, get a better fucking attitude. Ask yourself a question, why do you continually do things which cost you money. Think about it and then stop trading, literally.

You can't make 5k to 10k a day gamma scalping in a 100 k account unless you have BD rates.

One of the best trades is to sell front months vol at market bottom and then watch as those otm calls you sold are now worth less a couple of days later even though the stocks up 10%. Also, markets can be very volatile at the top as well, IVs explode because rampant speculation sets in. I...

My apologies

There was one last month. Don Bright was spamming the board relentlessly to get people to go.

GO BIG OR GO HOME!!!

Hey, I've basically gone through that whole cycle. I'm even in grad school as I write.

assuming your broker will let you, sure! A large order in options can have two impacts, one is an increase or decreased in IVs. The second would be that the other side is a MM who would need to buy/sell stock to hedge, moving it in the direction to what you had just done.

Yes , there is only one opening price, but it is different on each exchange. If you enter a sell of ten contracts and somebody else has 100 lot buy, your order would get price improvement in that situation.

Gin, in particular, Bombay Sapphire is the only hard stuff I ever touch. I can get a big bottle for what you pay for a fifth though. In addition, you have two very popular derivatives, namely Pimm's and Jenever. Niether of which was easy find here in the U.S., but I'm seeing more of them. I...

Ok, it maybe a day late but nothing has really changed. I sold 20 of the msft 30c for .40 and bought 500 28.48 stock against it. Also, I bought a 6 lot of the csco 20p for .50 and bought 100 stock for .22 and 200 .20. I sold 10 of th 20s for .85 and bought 600 csco for a hedge. Nothing...

My view is that spreads are going to be shrinking which leaves me less of a margin for error. I have never been happy with any of the shelf models I've used over the years. None seemed to accurately reflect real markets, a example would be the skew. As of right now, nearly all of my positions...

For the close I sold 500 csco at 20, I want to lean short as that is where my naked exposure is. The greeks at the close with stock at 20 are: Delta = -680 gamma = -720 vega = 100 theta = 60 ( my previous posts for this were incorrect) the position consists of -800 csco -50 20c -20...

It tunrs out I fucked up on the msft 30c, I'm long 29 not 4. Make that 9, as I got filled on 20 at .45 as I wrote the first sentence. Greeks for csco: delta = -550 gamm =-500 theta = 10 vega =100

This is quite weird, nother ten thousand went across on the offer for .90, stock ran up following it.