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Thats a great question and I dont fully understand it... but I will give it a go I think it is because the forwards in the VIX are trading lower than then the VIX cash.. this is implying that the volatility in the market will revert to the mean (lower) ... so where the VIX is trading right...

IF YOU WANT YOUR MONEY BACK THEN THE COMPANIES NEED TO PAY BONUSES AND SALARIES!!! HOW MUCH ARE THESE COMPANIES WORTH WHEN ALL THE TOP TALENT LEAVE??? A LOT LESS!!! THATS LIKE BUYING A COMPANY AND SAYING WE DONT NEED THE EMPLOYEES THEY SHOULDNT BE ALLOWED TO GIVE BONUSES TO PEOPLE...

short puts on the VIX

A quote is given for both sides of the market (bid and ask). You will get a lot of size on both sides. You can expect 5000 on both sides in the SPY without any slippage for your condor. It is important to take transaction costs into account when you trade these multi-leg spreads. SPY options...

If the strikes are close to eachother you will get smaller bid/ask spread. A 1340-145 1400-1405 condor for example has very little risk and will be quoted as tight as you need it in the SPY pit. I am a market maker and my bid ask spread would be at most 3 cents. I do not trade options through...

I dont know what size trades you are talking about, but if you want rediculously good fills on low vol risk trades (such as condors) you can send the orders to the pit. I trade through the SPY pit at the CBOE and I get amazing fills. The DPM and locals in that pit will make .02 cent wide...

Sure Stevey Cohen is an extremely successful trader, but is he the best ever? I would have to say that Thomas Petterffy is the most successful trader of all time. He owns 85% of IBKR. The company is worth 12B and roughly 80% of the profit is from trading (market making). That kind of...

no change

The chances that you make money selling those calls is higher than buying, but the expected return can be expected to be same. Chances that you make money selling premuim is greater, but the times that you lose you will lose more on average than the times you win (unlimited downside to...

They are the Wallmart of brokerage right now. Lowest cost per transaction and the greatest number of products offered. There are huge economies of scale in this business and I think they are positioned better than their competitors. In fact, Etrade, Ameritrade, and Schwabb will have to merge...

I posted this thread mostly as a result of my own curiosity. I wanted to confirm my belief that the webmaster of this site can be held legally responsible for what he wrote. FYI: The website was passed around the CBOE floor where Timber Hill has a strong presence. Its nearly impossible that...

Thanks Rayl. I guess that explains why it wasn't taken down immediately.

Let me start by saying that I am huge fan of Interactive Brokers. I have experience with both their brokerage business as a retail customer and their market-making business as a competing market-maker. There is a website that has come to my attention that which I am sure Interactive Brokers...

Hey guys, I' m a market maker in the spider pit. If you cant get fill in the SPX try the SPY. Commissions are a little more, but you will get better fills. Steve

I work at another big market-making firm. SUSQ is a top firm, but if you can get into SAC there is no question you should go. There is more money for up and coming traders in a hedge fund environment like SAC than in a market making capacity like SUSQ.

Hey guys, thanks a lot for your advice... I'm going to look into the Liffe markets... I want something that only trades at night so I don't have to worry about big moves while I am at work.

Does anybody have any suggestion or experience trading options on foriegn stocks or indexes. I am a professional market maker at the CBOE and work until 3:30pm CT. I would like to manage some option position trades at night for my personal account. I have used IB for some option spreads...

trade them synthetically?

How come you do not call in an order to a broker at the Merc in order to trade SP options? I don't see any particular reason to trade through an online, discount broker. There is one main brokerage group that administers a large majority of the orders in the Merc SP options pit. Naturally...

-Smiley The prices that these options trade at throughout the day is not irrelevent in my opinion. The put wing of the spx scew was very bid up Friday. That means you can sell these 1050 puts at a very nice premium. Although they are only 1d puts they were trading as high as .85 cents...