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Guys, This chat room is taking up a lot of my valuable time. I am logging off but will try to check the posts this weekend. Have a good weekend all - even those that I don't agree with. The Knight

Sounds to me that you are a little stung Sail. Lets consider the facts: Option issues are now multiply listed which has led to tighter spreads than ever before. Spreads used to be a dollar wide, now they may be down to 5 cents wide - if you think that's excessive maybe you are "brain dead"...

Def, How many contracts have you traded on the ISE? I have traded thousands and have experienced all of the illiquidity that I have discussed above. I am not citing a report or journal, I am telling you from the horses mouth that the ISE has a liquidity problem. I can recall countless times...

Nice disclaimer at the end:) Confusion regarding average size of 5-10 in the qqq's. Average pit volume size will be significantly larger than that. By the way, the 500,000 was in reference to the qqq etf. You have referenced European and Asian markets - of which I am not an expert - Have...

I stand by my previous statements regarding the ISE, and the ranking of the exchanges. As for AMEX market makers (of which I currently am one) you cannot simply turn off the auto execution system - it is done when the issue goes into a "fast market" and requires the approval of an exchange...

Hello Def, It's been about six months since I attempted to execute trades on the ISE, and the major problem with it is liquidity. Issues I have attempted to trade with them on include YHOO, EMC, MSFT, CSCO and NOK. When attempting to get 100 contracts off on their market they frequently would...

Like everything else in our industry, there's no such thing as a free lunch. Increased uncertainty in the economy is reflected in the price of the option through increased volatility. Since volatility is defined as the annualized one standard deviation percentage change in the price of an...

Thank you all for the input. For Liltrader who wants to trade options, getting in is hard. Typically you take any job to get on the floor, work hard and hustle and a firm will eventually pick you up - almost all hiring for exchange based positions is internal and is based on contacts. Large...

Hello all - Happy New Year!!! I am an AMEX market maker with options, etf, and momentum trading experience that is looking for a reputable NYC trading firm. Although I have been trading on the floor, I am open to returning to screen based trading. If you could furnish me with contact info...