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When you sell puts against short stock, you have a covered put. This is synthetically the same as simply being short a naked call of the same strike as the put you sold. (Short call = short stock + short put)

You may want to take a look at WEX Trading Platform - WEX (tradewex.com) Not necessarily a Market Making platform, but they do have a "spread trader" function that may meet your needs.

I will also suggest a need for a new accountant.

I knew many more traders that would understate their income that would overstate it. On the trading floor they guys who would continue to say they weren't making much, were the successful traders, and the ones who bragged about making money, generally didn't.

I was about to type almost the same thing, word for word. Maybe it's just as simple as he doesn't have the data feed from the CFE (which would be different from the CME)

Lol, I do remember them! Someone else as old as me out there.

SPX options are a single listed product. All trades will be executed on the CBOE vs other exchanges.

My point was it not a broker issue. You would have the same fills in the SPX with another broker for the reasons I mentioned. If you assume midpoint is fair value, you shouldn't assume you should be filled there. This means there is no edge for the MM.

I answered your question in your other post, which you ignored. Question about options execution method? | Elite Trader

Your execution price isn't going to be much different in the SPX with whichever broker you use. SPX options area single listed on the CBOE. All your spread orders are likely just sent into the exchanges COB (complex order book). Your single orders will all be sent to the CBOE as well. Your...

When I was trading, they seemed like they were ahead of the curve. Excellent traders. If the OP has access to any trading techniques, I would say it's worth learning. But as you say, it's unlikely they would be available to the general public. I was told that back in the day, they didn't...

Is SIG Susquehana?

If you are buying 100 leaps, the least of your concern should be whether you are paying .45 or the standard .65 in commissions. Thats a difference of only $20. Many other things you should consider with a broker other than saving $20 All brokers will automatically exercise (not assign as you...

I wonder what the pit traders think of this.

Interesting, thanks for the post. It seems there will be specific symbols for different boxes/rolls etc and only a small number of spreads will be included in the program. Not clear to me if you will simply be able to see the quote of the spread and trade it just by using this symbol or if...

Would like to learn more about this. Any information other than the Linkedin link?

They will use the 4pm closing price on the stocks primary exchange. These closing prices are typically done with closing auctions, with their own rules.

You can go to the OCC website. OCC - Daily Volume (theocc.com) Click on the "volume query" and you can search by individual stocks or even individual options.

The OCC has a deadline of 530pm et to be notified that you are exercising an out of the money option (based on the 4pm et closing price) or cancelling an automatic exercise of an in the money option (based on the 4pm et closing price). Each broker will have different deadlines for their...

The OCC rule is options will be automatically exercised if they are in the money based on the 4pm et closing price of the stock on its primary exchange. This would be the same across all brokers. In order for this not to occur, a DNE would need to be filled before 530pm et (individual brokers...