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  1. M

    NYBOT Matching algorythms???

    Did you contact the exchange? The should give you an explanation if not a fill.
  2. M

    Beware: Call writers must pay dividend

    Put call parity. I'd explain but if you are interested google it. The call may not seem to reflect the div. because the call reflects the value of the dividend less the value of the put.
  3. M

    Beware: Call writers must pay dividend

    dividends decrease the value of calls that are not an exercise for the dividend. if the calls are an exercise for the dividend then the value of the call goes up.
  4. M

    Real Time Open Book, is it vaporware?

    NYSE websites indicates that Real Time Open Book is being beta tested. Is anyone beta testing? Anyone know when it will be released? does anyone know anything about it?
  5. M

    Real Fact about NYSE traders?

    I can confirm this is true. It's is very crowded on the floor and people bump into each other alot. The X let's people know to be carefull.
  6. M

    OptionsXpress vs. thinkorswim

    As a Professional option trader I don't use any of these brokers. But if I had the choice of a broker who defaults to P-coast or the ISE. I would choose the ISE. Best executions, Price improvement, fast cancels, tight markets. I don't trust the P-Coast and I trade on the Amex.
  7. M

    Starting Trading Job this Summer... Need Advice!

    Your time at SIG can be many things. Learn everything you can, volunteer for every project, be the one they want to keep and you will be paid very well. They have many different businesses and will be open to your new trading ideas. Take chances. If on the other hand things don't...
  8. M

    new option cancel fees for IB

    I'm trying not to be defensive. A fee gives the exchange more money to buy technology, and discourages the practice that strains the same technology. Apparently the fee is enough of a disincentive to the "abusers." Is this just a convenient way for exchanges to get rid of orders they...
  9. M

    new option cancel fees for IB

    I always hedge deltas. but sometimes I miss the stock. and trades have vega, theta and rho too. so there are alot of ways to lose money on a trade that initially is a winner. MG
  10. M

    new option cancel fees for IB

    It's hard to determine what % of trades are winners. MMs have theoretical edge on most trades. but you can't get a check for theoretical. The hard part of MM is holding a position. I might make money buying options and then lose it back and more in decay until expiration. or sell...
  11. M

    new option cancel fees for IB

    Hostility isn't needed here and I don't accept yours. I've lost money on many trades. congrats on your success. also realize that both sides of an option trade can be winners. So maybe you made money on the trades and I did too. Have a good day trading.
  12. M

    new option cancel fees for IB

    I'd like to respond to everyone. Right, now I can't. but to those responding to my messages. Please read carefully, I know the rules of my exchange. Never did I say customers were making markets. Customer has a specific meaning in options. Customers do not get market maker...
  13. M

    new option cancel fees for IB

    I heard some good stuff. Yes, a threshold is a good idea. OK let's says it's order size, what size? 10, 20, 50 or volume per day, how many orders should you get for free? ----------------- Am I pissed off, because my business is being hurt? No, I long ago learned that I have...
  14. M

    new option cancel fees for IB

    First, I am an option market-maker at an exchange. I don't get paid any money from cancellation fees. Exchanges collect the fees and they aren't making much money. My understanding is the fees were imposed because of the actions of relatively few customers. These customers have used...
  15. M

    This may be a dumb question, but...

    if you are long a stock you own the rights. If your broker loans the stock to short, the person who buys from the short owns the rights too. This works out fine until an owner of the stock wants to use these rights. your broker owes you the rights, so if you vote your proxy or want...
  16. M

    Program Traders versus NYSE Specialists

    Index arbs can short on a downtick.
  17. M

    Expiration Friday's Effect on the Market

    http://www.optionsclearing.com/market/series/series_search_form.jsp This OCC website has open interest info. free. AT financial is where I get it. also Iceman I have an ulterior motive, I want people to trade options. Sharing information helps people to trade. Also we can...
  18. M

    Expiration Friday's Effect on the Market

    when a stock is near an option strike with a large open interest. There is a tendency for it to be pinned near the stock. That is the stock gravitates toward the strike. so now the question is why? If we take as a given that: 1. People are risk averse when it comes to keeping gains...
  19. M

    Poker and the Beginning Trader

    Everyone seems to be focusing on holdem. It's a great game but may not be the best to learn first. In my experience with online poker, the 7stud games are much more profitable. They have more players who are weak and loose. That is, they don't bet or raise when they are ahead and...
  20. M

    You see options buyers are doomed.

    Owners of options may not be doomed, but it could take a long time to reach the long run. Say owners are a 99 to 1 dog to make money on any given day, but the time they win the payoff is 150 times the average loss. It's definitely positive expectancy but it could take years before...
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