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    delta-gamma neutral

    Come on, you should give other options traders a bit more credit than that --or at least a bit more of them. ;-) How many options traders are there? I mean traders that are not using options as an equivalent to the underlying for leverage. I would think this group would represent a bigger...
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    TradeMonster ratings?

    Yes, I was wondering the same myself. Why aren't they listed in ET's rating list? I would like to know if they charge for canceling orders options orders like IB. IB's fee structure is bit complicated. Plus, their customer service is notorious. I am still deciding between thinkorswim and...
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    Modified Uptick Rule

    I gather this would affect the entire market if properly enforced. So yes. I think if you combine this with naked short selling prohibition, volatility would lessen dramatically. For options traders, it makes more for a boring market. Personally, I am ambivalent about this since I trade options...
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    books about market making?

    I've found this book: Trading and Exchanges: Market Microstructure for Practitioners by Larry Harris
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    strike price pegging

    Well, Jeff Augen in "The Volatility Edge in Options Trading" made a good argument for stock pinning in the final option trading day (with the proper stock criteria). In fact he presented a way to exploit the volatility collapse of the final trading day. The technique didn't jive with me because...
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    books about market making?

    So how does a market maker hedge differently than what a retail trader can do? Like it is indicated before, I suppose because of lower hedging costs, this is how a market maker can make money and not just because of the bid/ask spread. I read somewhere that about 90 percent of market makers...
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    Collar iron butterfly?

    Well, if the stock goes down and stayed down, I would lose money on the collar. I was just finding a way to see if I could counteract that. When I said “this” is equivalent to a short iron butterfly, I meant the final position that I ended up with. Sorry, for the unclear...
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    books about market making?

    There appears to be sparse books about market making and specialists. Any recommendations? I am not looking to be a market maker. However, I would like to know about market making for the sake of knowing more about market behavior and influence --really, just the basic market mechanics that are...
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    Collar iron butterfly?

    I don't know what this strategy is called, but I think this is probably similar to a short iron butterfly. I wanted to find a way to hedge a collar and I ended up with something like a short iron butterfly. Here is my thought process: Standard collar: Long stock + ATM long put + higher...
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