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Why do I need to know how the viper pit functions? The snakes can coil among themselves and swallow each other, for what I care. I care what shows on my computer screen and how I can deal with it or walk away. I own that power, just to walk away, take my ball and bat and play somewhere else...

Listen Bozo, The abusive practice of 4.00 difference between BID and ASK has no basis commerically except GREED. Milk down small customers en masse. Fair value is the mid price or less than mid price in my book of trading. Firsly I don't patronize SPX and CBOE, secondly,can bust your...

Who cares how the SPX pit works? I am only concerned how my screen's bid and ask works to a fair value.

But after reading your responses to others, I don't even know why I am typing this, you are obviously a fool. Go trade something else if you don't like it. And yes I worked in the SPX for 5 years, and cash drips off me. [/B] It works, it will work right now if you tried. Only...

I am not in the habit of feeding sharks and gators in the moat where you reside, unless necessary.

Yes the abusive BID and ASK is there, on Sept 1415/1400 put spread these are delayed prices. How would you handle this ? Sept 1415 puts 28.80 x 32.40 Sept 1400 puts 24.90 x 29.00 Good Luck,

Are you this dumb not to figure out things all by yourself? I am not going to repeat myself how you do it. I have already posted this.

Once again, thanks for responding to my post Optioncoach. Its a pleasure to be able t post in your journal as it will help many SPX traders. I wish I had joined here before, I see quite a number of people trading SPX. This technique won't work with 500 contract spreads. You would need two...

Priced according to the greed is more appropiate thing I can reckon. I perhaps make more money trading options than you do. I don't boast about BMWs, Bentleys, Hookers, Strippers and Mortons steaks. Thats for non professionals to assert their shattered self image.

That guy is full of it. He mentions BMWs , Bentleys, hookers, strippers, Steak dinners just under 2 posts. Than he admits he is tied to the CBOE after intense grilling. He is upset, cause I wrecked his weekend and he has to boast and walk tall to compensate his shattered ego.

You ate my crap, not the other way around. You have a problem adjusting after a night out with lipstick painted hookers puking in your lap?

I have already posted several times I have minimized my SPX trading. That way I don't partonize the Castle built by CBOE filled with sharks and gators in that deep wide moat. You don't " leg into the spread" You place two contract long and two contract shorts. It takes 2 efforts under 5...

Thank you for responding to my post Optioncoach. I think you already know what I have posted. I am not assuming anything. I have knocked on all schools of thoughts and researched all over and everyone told me that it is not possible to negotiate SPX bid and ask. Six months ago I started...

You didn't pull anything, but ate crap all day.

You would be able to sell 100 or those? Do you know how much margin your brokerage firm will need? Its over 1.447 million dollars. I think you have no idea what we are talking here. You are not an SPX trader.

I understand whats going on. Theory and academics aside we are just concerned how to negotiate that wide bid and ask. On 8/16/2007 2 hours before expiration some expiring contracts 100 points away were been shown 0.15 bid x 0.20 asks! Something you would pay 0.05 anywhere else! People...

I think you are right. Why do these people not buy GOOG, AAPL, RIMM, PCU, DO, RIG, AMZN and make thousand times more than go after those skanky companies with terrible charts just because the P/E is low and ROE is 20% or greater? It takes years before these downtrodden stocks become...

Stay away from that Castle CBOE has built. They have a deep wide moat around it, filled with sharks and alligators ready to take your hard earned dollars. Donot trade SPX and any other products, go to liquid markets, you have a better chance in all honesty.

On Thursday 8/16/2007 adding insult to injury SPX calls at least 120 points away 2 hrs before expiration were being quoted at 0.15 x 0.20 ! Imagine the greed and fleecing going on. You would have not paid more than 0.05 cents for this anywhere in the trading world! Just imagine being forced to...

His valuation on Bank of America (BAC) and USG is great. I think he owns Mohawk Carpets (MHK). These are battered stocks, not bad businesses due to real estate downturns. Afford to wait for him is like 2-3 years. Meanwhile he is writing calls and collecting premiums and possibly doing stock...