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Exactly!!!!

I have to agree with much of this article (excerpted below) from the World Socialist Web site attacking Kerry's likely foreign policy. It makes me think further of Nader's true effect. Maybe its not so terrible that he could make it impossible for a Democrat to be elected president while...

So you are either the world's first perfect trader or future lunch meat.

Come on... you must know it only takes one to take you out for good.

Puff, True to a point. What about when one knows better cognitively but makes mistakes anyways? As Douglas points out regarding certain unconscious errors and self-sabotage, there are deeper reasons one may be performing poorly. He sites overall relationship with success/failure and money...

Gann...... Some cultures also believe in genital mutilation and cannibalism. Emotions are hard wired into us for evolutionary reasons. If we are afraid its our nervous system registering danger; anger is a registration of hurt or threat etc. Obviously these primitive emotions do not...

I'm not sure if thats still the case in equities- thats one hell of an anti-edge. In spx its definitely not the case at present.

Vega, One question about your example. If the ahole above put in his 1 lot offer .1 above the MM bid and then went to buy 200 at the same price, would the size available not be only 1 resulting in market of 199 at 2.1 x MM size at 2.5? How would the MMs get trapped in such a scenario. Are...

It does. For SPX they are allowed to quadruple the above specified widths.

A spread of 2.4 is not a bad edge at all. Combine that with record volume in the spx, and the spx pit may not be a bad place to be.... Actually my point in this thread was not to begrudge the MMs their spread edge. Its the same edge I depend on minus all the obligations they are saddled with...

Vega, Thanks, I always appreciate your insights. If you have a chance, check it out now. All of the near the moneys above 5$ are trading the with the 240$ b/o spread and the market is barely moving.

Hey all, The reason I dug this thread up was yesterday the width were 2.4 on options less than 10$. According to the rules I posted, plus special 4x standard width for spx, it seems the max allowable spread width for options priced between 5-10 $ should be 200. From my post last night...

The rules seem to indicate this is a violation. Am I missing a loophole? the rule is below, plus remember spx gets 4x times the norm. CBOE rulebook, From the obligations of MMs.... "To price options contracts fairly by, among other things, bidding and/or offering so as to create...

Wonder if any of you are actively trading the spx options recently? The spread widths hit unprecedented magnitude today. For example at 2:16 Et., the march 1100 put was quoted by the auto quote MM at 5.4 x7.8. Now that is a 240$ spread and it was like that most of the time and for most spx...

Sounds great Saxon.

I admire your creative visualizations :D

It was a good time. Gann.... no need to be jealous. Your homophobic ass is welcome too :D

Mav, What an insightful post on so many levels!

Sorry if someone mentioned this but I didn't see it. Strictly speaking in terms of controlling risk, there is no position, short of a hedged one, which has more controlled and limited risk than long option strategies. By definition you can only lose the amount paid in premium for long...

As a Nader voter last time, I fully agree with the above statement and it illustrates a tough issue. There is no real opposition in this country. The democratic party since Clinton became president truly has been republicrat/corporate. Sure there are minor differences in social issues but more...