Famous option traders

Quote from FrankSlaughtery:

-1 lol. "he's one of the great ones" - cramer. i agree. he's one of the great idiots.
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How about Cramer himself. Didn't he claim to account for a high percentage of option volume at one time?
 
Quote from Mike Okistini:

Lenny Dykstra.... very famous!
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As a player, Dykstra had a knack for being hit by the pitch.
He brought that talent to option trading :)
 
Anyone on this thread actually know any of the heavy hitters in the options world? All the names I'm seeing are TV personalities or seminar-selling charlatans... Must be <i>someone</i> here who actually knows what time it is...
 
interactive brokers is the heavy hitter as options market makers and a few hedge funds who work the stocks and options game and control like 30% of intra-day options volume in the US market from I was told. stock Options market only has like 1-3 bilion in bets or open interest or what you call money on the table.

$1-$3 billion is the total size of the size of the options market.


the heavy hitters are a group or firm not one individual.


Quote from Rodney King:

Anyone on this thread actually know any of the heavy hitters in the options world? All the names I'm seeing are TV personalities or seminar-selling charlatans... Must be <i>someone</i> here who actually knows what time it is...
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Quote from Rodney King:

Anyone on this thread actually know any of the heavy hitters in the options world? All the names I'm seeing are TV personalities or seminar-selling charlatans... Must be <i>someone</i> here who actually knows what time it is...
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define heavy hitter....................:p :p :p
 
Quote from Rodney King:

Anyone on this thread actually know any of the heavy hitters in the options world? All the names I'm seeing are TV personalities or seminar-selling charlatans... Must be <i>someone</i> here who actually knows what time it is...
More...

Hammer time?
 
Quote from Mike Okistini:

George Fontanills and Larry McMillian proved you can start out making decent money trading options and turn that into a million dollar fortune by writing books and giving seminars and selling worthless trading signals.
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:D LOL.
Dont know if he still trades options, nor do i know him personally.
Mark Weinstein, nickname high % trader.He probably is not famous......................
:cool:
 
Quote from Rumblefish:

interactive brokers is the heavy hitter as options market makers and a few hedge funds who work the stocks and options game and control like 30% of intra-day options volume in the US market from I was told. stock Options market only has like 1-3 bilion in bets or open interest or what you call money on the table.

$1-$3 billion is the total size of the size of the options market.


the heavy hitters are a group or firm not one individual.
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I question $1-3B. I think that's off by a factor of 10 or more. AAPL's July 320-strike "straddle OI" represents over $100MM in premium alone. That's just in July 2011 on the largest $OI shares (non ETF).
 
net options value.

these option traders usually have offsetting calls and puts and very little money is on the table and the volume is in the front months.

you can ask the option dealers market makers assocation they have the stats


Quote from atticus:

I question $1-3B. I think that's off by a factor of 10 or more. AAPL's July 320-strike "straddle OI" represents over $100MM in premium alone. That's just in July 2011 on the largest $OI shares (non ETF).
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Quote from Rumblefish:

net options value.

these option traders usually have offsetting calls and puts and very little money is on the table.
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That's one strike in one stock and one expiration cycle. Your $3B is silly.
 
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