I measure the "dumb" ones as the ones that would sell me 1000s of flies at credits to me. It happens every month. Yesterday it was GROUP ONE/SP.
TBT Jan'11:
bot 4500 47c 8.25
bot 13500 51c 6.50
sld 18000 50c 6.975
For you home gamers, that's 15c CREDIT on 1x4x3 fly.
And as for...
Cottle?? another "once was a trader, now I'm hawking classes & books" relick?
Amazing now that you are a seller of puts at a strike 130 handles above your "fair value".
Oh - wait..... Fair value = broken model.
PTJ exhibits quite a bit of arrogance in these videos. It is that behavior and the similar behaviours of his lemmings like Alan Palmer that made me 10s of millions.
Thank you PTJ and Richie (buttboy) Dennis.
You'll likely never get to the finish... This is why:
http://www.opradata.com/specs/traffic_projections_2010_2011.pdf
The more time you spend working on the tool, the farther away the target moves. 4mm quotes/second by Jan 2011.
Hmm, maybe your "FV" calculator is flawed? Maybe needs new batteries? Nitro, you are way too smart not to see what's going on here. The capital demand cycle is in its first phase only. You know the routine.
So far today the action is utterly demoralizing to the shorts. I dunno who is driving it up, but there is clearly an agenda and it's powered by nuclear fussion from above.
"FV" ~ 1160. Exactly the same above the market as you are below the market.
I hope you are blasting S puts on the way up to cover some of your sorus....
It was one of your own Kosher Kikes that created the largest single financial scam OF ALL TIME....
I'll give you some security.... Half priced pork chops... All you can eat.
It was leaked news from Hong-Kong-Fong finance minister Krem-Sum-Yung-Gui that his stuttering hank voodoo doll had secretly informed him of a suprise 50bp coordinated worldwide rate cut in the morning.