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I am not familiar with the new bybrid trading system. My executions with SPX are pitifully slow - 90 seconds on average, when I take a leg. I don't take legs anymore as I simply cannot wait that long to get a fill. IB tells me it's so slow because these trades are not electronic. They are...

Request new strikes. I do it frequently. I don't get them added every time, but often enough to make it a worthwhile effort. Write to options@theocc.com Mark

1) If I plan to close a diagonal spread after holding for 4 or 5 weeks, I don't believe it matters whether I own a position in Apr/Mar or May/Apr (or even Jun/May). I am not trying to 'predict' anything. Merely attempting to collect theta for one month. 2) I would do 100% RUT if I could get...

Speaking for myself, I prefer doing diagonals with 2 months to go. But this past week, I opened several Jun/May diagonals. I don't agree that near-term provides the best odds - unless your plan is to hold thru expiration - and I almost never do that. Mark

You are way off base (as usual). The days of the wealthy market maker are over. It's a very difficult game these days - so difficult that there are few independent market makers left. As to 'getting the market going' MMs are not big enough to do it. Not with gigantic hedge funds and...

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 In the old days, they might trade with each other, but not preferred not to do so. These days, very few MMs are independent. When...

No. But, MMs get long and short lots of different options during the course of trading. For any MM short the higher strike put, this order presented a great way to cover that secific short and allowed him to open a short that is les likely to bite. Whether covering a short, or buying...

Are you joking? You dare to point our that our most arrogant poster made an error? How dare you! Mark

Don't know why it takes so long, but it does. Every month. Mark

An unbelievable statement and obviously false. Please stop peppering these boards with your verbosity. Mark

The reviews that you read 'a few days ago' wre not posted at Amazon until until February 13. Thus, if you did read them when you say you did, it was on your computer terminal before you submitted them. Mark

Message to the board: I find it distaseful to air my personal problems here, but I think it's right for everyone to see what Trend Sailor has done. It's a personal attack. He is attempting to ruin my business and hurt me financially. Here are the facts: A reviewer at Amazon -...

To Trend Sailor That was very childish of you. And please don't claim you have no idea what I am talking about. Mark

This thread is moving away from the orignal question. There was a questuion about backspreads and a response. No recommendtions. You cannot buy index put backspreads for a reasonable price. Mark

Both verticals and diagonals do poorly when the maket moves strongly against the position. But, to me, the major advantage with diagonals is: if that adverse move occurs near expiration, instead of being essentially naked short the ATM (as with vertical), you have a chance for a very large...

Some may be in cash; that is their perogative. But someone who gloats, someone who thinks he's in 'candyland,' has no real conception of the market and its workings. And more to the point, your post is 100% out of line on this message board. Mark

Hi Ryan, My DD spreads tend to be long only a small amount of vega, and although I would have to settle for somewhat smaller credits, I don't believe an IV increase will make much difference when I open posiitons. However, as time passes, and if the shorts do not become very near the...

Been there. Done that. It's very dangerous. The market can remain irrational for a long time. I've learned to take what the market gives me and not fight. I hope it works for you. Mark

Neither, I mean RUT. RUT is the index and RUT is the underlying. Mark