With each new post you make, the troll day7739 wins. Don't you understand that? He's an idiot, and just looking to incite, and you keep falling for it.
And if you do trade the spx options, you know how idiotic what he said really is.
How to pull the rug on SPX market makers
- Thread starter HedgefundTrader2
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With each new post you make, the troll day7739 wins. Don't you understand that? He's an idiot, and just looking to incite, and you keep falling for it.
And if you do trade the spx options, you know how idiotic what he said really is.
Yes, I think you'r right. Although in this specific case I think he really meant what he said in his first post, and after 2 or 3 replies realized what in incredibly stupid n00b thinking error he made.
So, unlike a real troll there was maybe no initial intention to sound stupid, but by some flip of weak character he dug himself in.
So, there is still hope for salvation, and I guess I'm waiting for him te be ready to be salved, by me.
But you're right I should leave this alone
Ursa..
If its troll, do you you have to respond to it repeatedly with anger ? Why are you egging on to this thread like a fly to the ointment?
Why do I have to discuss anything with you? You have been told to get lost, but you seem to ignore that too ?
Go away. No deal. OK? No discussions. I have reported you to the moderators. There is nothing of value, you have contributed, none. Take your anger somewhere else.
Get lost. Now.
This thread is NOT a TROLL.
The Original post is worthy of responses. Learn what you can, take what you want, or leave it alone. No one is forcing you to acquire wisdom and knowledge.
Just remember there are lots of successful people out there, try to be like them. I hope this article can help you in some ways.
I'll stay - you're not my friggin boss. Go right ahead, report to the mods all you want. Want me to help you?
You obviously have some kind of reading comprehension problem, because myself and a bunch of people DID answer your question, but YOU made the choice to sit here and act like a bone-headed, ignoramous - throwing out insults at people who
a) work in SPX
b) trade SPX
c) know more about SPX/OEX and the other ETF's you rattled off than you could possibly ever know
It's not bothering me Gary - what bothers me is that you come here from another board, and create the same garbage that you have caused on an unmoderated board.
In case your reading comprehension problem exists again, which I do highly speculate will be the case, here's my original post answering your question:
So let me get this right, you are proclaiming to be the expert god in options trading and that anyone else (retail or working on a derivatives desk like I do) are just plain wrong?
Read these:
https://www.cboe.org/publish/DisDecision/07-0049.pdf
"(d) Thirty Seconds Rule. Each responsible broker or dealer within thirty seconds from receiving an order that is greater than the quotation size established by paragraph (c) of this rule must:
(1) Execute the entire order; or
(2)
(i) Execute that portion of the order equal to at least the quotation size established by paragraph (c) of this rule; and
(ii) Revise its bid or offer.
"
...and...
"(6) No responsible broker or dealer shall be obligated to execute a transaction for any listed option as provided in paragraph (b) of this rule 1 when:
(i) Revised Quotation Size
(A) Prior to the presentation of an order to sell (buy), a responsible broker or dealer has communicated to the exchange, a revised quotation size; or
(B) At the time an order to sell (buy) is presented, a responsible broker or dealer is in the process of effecting a transaction in such series of option, and immediately after the completion of such transaction, it communicates to the exchange a revised quotation size, such responsible broker or dealer shall not be obligated by paragraphs (b), or (d) of this Rule to sell (buy) that option in an amount greater than such revised quotation size.
(ii) Revised Bid or Offer
(A) Before the order sought to be executed is presented, a responsible broker or dealer has communicated to the exchange, a revised bid or offer; or
(B) At the time the order sought to be executed is presented, a responsible broker or dealer is in the process of effecting a transaction in such series of option, and, immediately after the completion of such transaction, a responsible broker or dealer communicates to the exchange, a revised bid or offer;
provided, however, that the responsible broker or dealer shall nonetheless be obligated to execute any such order as provided in paragraph (b) of this rule at its revised bid or offer in any amount up to its published quotation size or revised quotation size."
If you have a problem with the way it's working at the CBOE, then why don't you do this:
Rule 9.23. Customer Complaints
Every member organization conducting a non-member customer business shall make and keep current a separate central log, index or other file for all options-related complaints, through which these complaints can easily be identified and retrieved. The term "options-related complaint" shall mean any written statement by a customer or person acting on behalf of a customer alleging a grievance arising out of or in connection with listed options. The central file shall be located at the principal place of business of the member organization or such other principal office as shall be designated by the member organization. At a minimum, the central file shall include: (i) identification of complainant, (ii) date complaint was received, (iii) identification of Registered Representative servicing the account, (iv) a general description of the matter complained of, and (v) a record of what action, if any, has been taken by the member organization with respect to the complaint. Each options-related complaint received by a branch office of a member organization shall be forwarded to the office in which the separate, central file is located not later than 30 days after receipt by the branch office. A copy of every options-related complaint shall be maintained at the branch office that is the subject of the complaint.
of which can be referenced here:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=101869&perpage=6&pagenumber=4
Later.
Save your effort CBK...
Are you done?
Thank you.
Quote from Option_Attack:
Save your effort CBK...
You should have posted this picture earlier. I admire your clear vision and conceptualization!
Yes you are dead against a brick wall, don't bloody your head and nose. Save it for another day.
Quote from MajorUrsa:
Yes, I think you'r right. Although in this specific case I think he really meant what he said in his first post, and after 2 or 3 replies realized what in incredibly stupid n00b thinking error he made.
So, unlike a real troll there was maybe no initial intention to sound stupid, but by some flip of weak character he dug himself in.
So, there is still hope for salvation, and I guess I'm waiting for him te be ready to be salved, by me.
But you're right I should leave this alone
Ursa..
Leave it alone.
You need not take what I gave away for free.
Goodbye.
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