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That little baby Black Swan sure does bite hard! AZD:eek:

Ditto. AZD

And what about you judging yourself before you judge others judging others? LOL :D AZD (throws away the gavel and robe)

Mark, Care to share your May/Jun trade? And as a former MM, do you have any answers to my previous questions about slow SPX execution and the hybrid system they use? Thanks in advance. AZD

Time for me to sign off for the day. I encourage you guys to give the OP input that will not necessarily help him prosper in his career, but will help him prosper as a human being. AZD

Even a broken clock is right twice a day! :D AZD

If you sell yourself short, what are the margin requirements? :D :confused: :eek: AZD

"So, I ask: How bad would it be to fabricate one's resume to this extent? Surely I wouldn't be the first person to do so. I mean, they'd never find out, right?" And what about the honest guys' resumes sitting right next to yours. Aren't you cheating them out of a job? If you ever get...

My original trade observation - LOL. Just happend again a few minutes ago. 450 contracts of 1340 put @.50 450 contracts of 1360 put @.70 AZD

To clarify, on the previous example, I place the order to buy at 16.80. AZD

Sorry to be a "question hog" today. :) I'm having a bit of a problem understanding some of the mechanics of the SPX contracts and the way the "hybrid system" works. Without revealing my broker - I've been trading SPX options for a long, long time. In the past couple of years, meeting...

So, they are basically able to trade among themselves to balance out positions? AZD

And how may "non-serious" ones are out there? :D AZD

Thanks for the input. So, who do the MMs sell to so that they may balance their positions? How many MMs, for example, are doing the SPX contracts? AZD

"I might assume wrongly that the MM has positions spread through the strikes and on a net basis is not as exposed as this position makes it seem." I think the positions would have to have been huge naked options positions that were already established before yesterday. To my knowledge...

Okay, could somebody give me a really, really, good explanation of this one? Yesterday, around the same time frame, exactly 10,000 contracts of the March 1340 puts traded at .50 and 10,000 of the March 1360 puts traded at .70. Assuming it was likely a put spread: 1) Who would put on...

Dr. Chen, Did you slip quietly out the back door, never to return? :D AZD

I thought I was getting a good deal by selling 300% IV for January, only to watch it soar past 400% IV! LOL I'm not doing anything just yet . . . AZD

The strikes are plentiful on this one. With the right news, it could definitely double or triple, but does anyone really believe that it will septuple, octuple, nonuple, or even decuple? AZD

Never eat lunch - not without a computer in that tent of yours. :) AZD