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Ok, thankyou. A supervisor of mine eventually told me the same thing. Funny thing is I asked a couple of the guys on my desk the same thing and they couldn't even tell me, that's why I just thought I'd ask it on here. I've been working in options for a while and I didn't know this, so you...

Can ANYONE answer this question?

Yeah we are market takers on the future, so hedging done with the future is always a loss. The spreads in options are far higher than spreads on futures though. By the way, I think that the type of manipulation that Livermore talked about in his book (cornering the market and such) is...

Thats a ridiculous lie from psytrader. For a start, Optiver don't trade in illiquid options so that wouldn't be a concern in the first place. Don't listen to him.

I think he is referring to what I said about how we'd change our quoting behaviour when prices start heading in one direction. I wasn't specific enough, I meant when a shock enters the market, quotes will widen significantly or be pulled while we reassess what the news means, and then the...

Hi, Just a short question. I have never really looked into the VIX to assist my trading, but have lately been interested in the historical data I might be able to get from it with relation to implied vols for indices, in particular the data dating back years from the VXO. However, just a...

I make markets in options. I can't speak for other markets, ie. forex, but despite what people say, there really aren't any techniques we use to 'rip off' the retail trader. Market making systems are generally very advanced such that the theoretical prices they quote around are as accurate as...

Hi guys, I don't come to this site very often, but I found this thread fairly interesting and thought I would add my two cents and see what other people have to add to what I have to say. There was something someone said a while back that I thought was particularly insightful: This is...

Hi guys, I've now officially been given a job at Optiver, (either in the Sydney or Amsterdam office), starting next January when I finish my Economics Honours degree. You guys seem to be pretty knowledgeable about the business, so I was wondering if you guys have any tips on how I might...