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John, I'm disagree with you this time. Traits such as: 'nerves of steel' 'buckle under pressure' have no place in the vocabulary of a trader. If you have nerves of steel, then you are holding a position when you shouldn't. If it takes nerves of steel to avoid bucking under...

Unless you are desperate for a fill RIGHT NOW, this is good advice. I second the motion. Mark

It never occurred to me to search out the first post. When you provided data in a later post, I had no reason to assume the information was incomplete. Yes, my results today were outstanding. That's no big deal - I didn't do so well at the end of the rally, so this compensates. Mark

18500 XLF Jan11 14 Puts $2.47 ASKSIDE 10:07:08 18500 SPD 39.12% 14.10 -0.23 $2.41 detail 18500 XLF Jan11 10 Puts $0.84 MIDMKT 10:07:08 18500 SPD 42.21% 14.10 -0.23 $0.83 detail I don't want instructions from you. Truly, you may think you were being helpful, but I found our correspondence to...

Mark

Thanks for all that help. Mark

I'm not telling you anything you don't already know, but the problem with volume, or any specific trade, information is: 1) Unless you know how the trade is hedged, there is no way to tell if the trade is bullish or bearish, or neutral 2) If you could know if it was bullish or bearish...

Disagree completely. That information is worse than worthless. Mark

I wish you well, but you cannot 'expose' him. There are enough innocents in the world that you will not impede him in the slightest - unless you sue. Mark

The quote you are getting is not the real quote. No one would ask you to sell at a price of worse than even money. There is a real bid for your spread. If the electronic quote doesn't suit you, enter an order to sell it at any price you choose. You are not required to sell at the bid...

IC = long the wings in my world. Buy the iron condor = selling the put and call spreads. We've had this discussion before, and there is no resolution. This is a topic of disagreement with no authority to settle the issue. I've asked the OCC and CBOE to make a 'ruling,' but to no avail...

What makes you good? Years on he floor? That's a joke. So, what makes you good? Please le us know and maybe you'll get some business. Mark

My experience with these 'liquidity providers' is that they are huge rip-off artists. IB service certainly stinks. i was on the floor for 20+ years also. So what? These providers are NOT going do you you any favors. They a re out for every last penny they can squeeze from customers. Mark

Interest rates may be low, but they are not zero. Thus, almost every market maker would prefer to sell the spread and collect $9.75 in cash - assuming they are willing to make the trade at that price. That gives you a great chance to get filled. But, cheap, OTM options are easier to trade...

Owning those 2X and 3X funds is a bad idea. they are made for DAY TRADING only (ok maybe 2 days at the longest). The way they are constructed, as time passes, unless the market is unidirectional, these leveraged ETFs lose value. Mark

Yes, XYZ implies theoretical. Good day for a swim? Mark

I should have stayed ut of the discussion. There's enough anger in the world. Mark

Ridiculous or not, the OP was giving a theoretical example and asking a theoretical question. He never suggested that the correlation exists in the real world. Mark

An option can move more than point for point with the stock - if IV explodes. But, BY DEFINITION - delta cannot exceed 100 Mark