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King I would agree with you if we were talking about the price of the underlying. There is surely a worthy debate on the merits of gap fills with respect to traded products other than options. Options are a derivative of the underlying, their price is basically predicated on time, implied...

Okay glad you cleared that one up, and are really reading my civil posts. Care to clear up the other comments? I dont think anyone would take issue with a live call being a moment or two after you got filled. On the other hand a spread sheet of old trades hours or days afterwards is a...

Actually I think my posts have been pretty civil as compared to most of ET. As I said I was just pointing out actual facts on the pricing of options which you have grossly wrong. I never attacked you in anyway or speculated seriously on your background. The NASA thing was a friendly ribbing...

Well I am not trying to be anything but realistic. You stated that one of the programs uses a database with decades of data points. The VIX index did spend the 2005 and 2005 below 15 it’s hardly been the normal range going back decades. One of the issues I have with what you post is...

???? what was that all about then?

Here is his original post

Do you really believe that Et'ers would rush to enter trades some anonymous poster puts on a thread with no verifiable track record? What % of ET'ers are active on the board 10%" and how many of them trade options? Not to mention the fact if they're thinly traded options they might actually...

Well since you can be both long or short futures you can play both sides of the markets with futures. Options on the futures are no different then options on any index unless you hold them to expiration. In that case the index options are settled into cash where as the options on the future...

Thats the best answer I have seen to why these people sit on this forum and bitch, whine and complain about CNBC and Cramer.

Austin I understand that the underlying price of index options is really the futures not the cash. The point is that the futures essentially have a delta of 1.00 and therefore do move one for one with the cash otherwise as you stated there would be a simple ( well not that simple with 500...

You also seem to be implying that the “intuitive program” has a basis for decision making since you say it’s the program being intuitive. Are you saying that you’ve built a program with artificial intelligence in trading which learns from all the new data each day? Come on fess up you...

Not trying to be rude here but there are HUGE flaws in just what you’re posting here. Here you say... “Each evening I record the open, high, low and close of specific SPY call and put options. I then plug this data into a 3 completely different computer programs. The Trending...

Not exactly sure what you're asking but there are plenty of firms who will allow you to trade and hold more complex options strategies over night. There are also ways use the firms leverage depending on your background and the capital you bring to the table.

I am interested to hear your theory on how a market maker could hold up the prices of the broader market. If I took something like MSFT for example, which is a highly weighted component of the biggest indexes there are between 100 and 200 firms which make markets in MSFT common stock. They are...

Thanks for correcting me ..... glad you got what i was saying

gg, Think in terms of economies of scale. It’s more difficult to provide return on larger sums. Cold is just a bitter attention seeker don’t let the little people of the world, like that get to you. To help you visualize it expand your question a bit. How hard would it be to...

Its well written and somewhat interesting but in the end he says absolutely nothing. This is a classic from the conclusion paragraph: “It remains to be seen whether tectonic forces were responsible for the unusual VIX and SPX action yesterday. History suggests that these days can occur at...

I could not agree more... he's making an average of 50k a day and there is roughly 252 trading days in the year LOL Thats a laugh

How many of these threads are there? hundreds? thousands?

Yea there are no more seats per se, since the exchanges demutualized they no longer called seats