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I agree with DMO again, I dont see any true edge as far as mispricing or incorrect vol spreads which a retial guy would take advantage of these days. As far as delta neutral positions go there is a great deal written about these types of positions, stuff like iron condors and various time...

I agree with DMO and others its obviously a bad print

What you really need to make dispersion work is access to order flow. Since now there are so many firms running dispersion the real edge in dispersion is has been shaved to the bone and you need to do it in big size which you're not going to be able to do as a reatil trader. If you're an...

Dispersion trading is not really a strategy for the retail trader. Also dispersion has been done to death over the last 6 or 7 years. To be honest I dont think a lot of the dispersion portfolios have done all that well in the last 12 months. In order to make dispersion really work you need...

Its a lot more fun to read when you guys are telling each otherhow tough and bad ass you are and flexing your internet muscles.

Thats true but volatility skew plays a big roll and unless you're long the deep call corrisponding to the OTM put which is commonly used in a synthetic call the impact on volatility falling will be a lot greater on the natural atm or otm call. Not to mention the dimishing impact of falling vega...

Wonder who on ET will claim they sold VIX premium off that print at the tippy top.

Thanks for the laughs guys. Its always funny watching internet tough guys flex their internet muscles.

The Financials have been beaten to a pulp i dont think you'll find many institutions or professionals getting short at at yesterdays levels. Since options volume and OI are very decieving in that you dont know whether they trades are, buy to open, buy to close, sell to open or sell to close and...

Long puts long stock equals synthetic call and thats a nice position these days

yea its a lock now LOL

Gee that looks so convincing. Come here brag about buying puts, watch them lose 90% of their value the next day and then go back and say you sold them for a profit..

Actually there really is no difference between calls and puts you're either long options or short options and the associated risks. Quote from Roy Neff... "a call is a put and a put is a call"

Everyone buys order flow, there is a kick back associated with just about every trade aside from the large institutional stuff and even that has soft money deals worked in.

The dealer never ever needs to hit at 18 even if he was allowed to. The dealers job is to keep people at the table and playing. The statistical edge is already with the dealer. Some people here show exactly how much they know each time they post and its scary how little it is at times.

You should consider there are only a very few specialist firms left on the NYSE. Most of them pulled up stakes and left simply becasue since the decimals and then penny spreads were put in place its not that great a business anymore. One thing no one here has talked about is the payment for...

Great post kev Bespoke yours too. Dont like the specialist? Trade a deep nasdaq stock with 50 or more firms making markets all in different places. Trade an option listed on 6 different exchanges and get that NBBO you're guaranteed. The crying and paranoia here always makes me laugh...

No offense but you're expereince to speculate on when or if or how the total transformation will take place is not all that relavant. I didnt say it would happen over night. The business of exchanges is to put up as many contracts per session as possible, thats how the exchange gets paid. If...

I am the guy who said they're not expanding. The guys on the LIFFE said the same thing nearly a decade with the Bund futures and options. Eventually the LIFFE went to a hybrid system which lead to 90% of the volume going electronic in a short period of time. The CBOT / CME has members who are...

Sheets for the most part have been gone for a long time. Most MM's have hand helds with real time variables set by the people who manage the firm. They're not exactly expanding staff's on trading floors these days LOL.