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If you weren't such an ass, you would have left the Gordon Gekko name a year ago when some people suggested it.

Wow, a qoute from a specific page, impressive. It is also very true.

Good, they should list them for every stock under $25.

IVs sometimes do explode when the market goes higher. It is a sign that the rally is topping out.

JUst freakin forget about it. Stewing over this will only destroy your future trading. The same thing has happened to me the last two expirations. I Coulda, shoulda, woulda not hedged my position and made a bunch of cash. Then again, if I had played it straight two weeks ago, I would be up a...

I will say this about myself trading on the west coast and me being a night person, a couple days a week I sleep in and it does cost me money. I need the office as a routine to provide me discipline in this regard. I'm looking right now to change the situation, either an office or a different...

It is kind of like how Hillary Clinton made a $100,000 trading cattle futures. Taking a percentage is the most intellectually honest way of getting paid in this business. I learned the way GAtrader described plus a hell of a lot of my study. There was a recent thread where we discussed...

This is what is aweful about this board. We get this charlatan crap. $20,000 yeah right, nobody is that dumb. There is another thread earlier where somebody got taken for 5 grand, I gave him the benefit of the doubt in a post, but this is all crap. We need better moderators.

Check out this guys site, he is a law professor at UCLA with an interest in free speech questions. I remember some recent posts touching this interest area. Looks around they're there somewhere: http://volokh.com/ I would also add that with the recent ruling declaring TA a fraud, you...

We covered this a little while ago. The minimum looks to be about 150k with the possibility of O'Conner at 100k.

I would advise against it as an investment. If you were going to trade using it that's one thing, but they have some serious competition coming on line shortly, namely the Box and possibly Eurex. Also, if you look at the balance sheet, it looks like they are currently losing about 2.5 mil a...

OMG, and they make a boat load of money to justify it. I would think they could look at other markets, say like the equity options. They could buy one of the exchanges on the cheap, dump the floor and make it all electronic quicker than it will take Eurex to do the same.

You are probably refering to something that happened in csco also. Except there, it was to the upside where sebl and msft was down. On my level II, it looked like there was a real bid coming from Arca about .15 from where the market was.

Another thing, MM will be long otm calls as a result of making a market for a large institutional order.

It is typically how it works. Speculators come in and buy calls during a run-up and then start to sell at a certain point. It is one of the reasons IVs come in when a stock goes up. It is one of the mechanism in the market that works to the benefit of the mm. Sometimes a rally starts by...

It is always a hedge, but as a mm, sometimes it becomes outsized relative to the overall position. Order flow can be one sided and as a mm you have to be prepared to marry any option that you trade.

I forgot to add that MMs will buy lots of premium, which was the whole point of my original post. It is a mistake to think that because a strategy of retail customers is a loser that the opposite is always a winner. Most of time this is true with otm calls, which I love to be short a lot of...

I agree, which is why I constantly tell people not to buy otm calls. People would be better off if they bought 1 or 2 itm calls rather than 10 otms. The point isn't whether selling or buying options is the best way to make money long term. 80% of the time it is better to be short premium. I...

That's kind of an odd statement. Have you ever been the "specialist" to know this? Let me guess, you bought calls and lost money, hence somebody must have made money, most likely the specialist. Do what he does and you'll make money. Wouldn't that same logic seem to apply to doing buy/writes...

Indeed, I bought a 30 IV in csco. Long premium is a better way to hedge at this point. Buy the atm calls and sell stock Chances are there isn't too much time premium because of the low IVs.