How to pull the rug on SPX market makers

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Quote from cbkswonk:

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


I am just a trader not a god.

I didn't read your crap. I bet you work for CBOE or you can be a market maker and is upset to see the truth about your Castle and the moat you have built around it. This is called enduring advantage in the marketplace, that ensures a steady abusive stream of income and profits, until there is a new competitor who can breach your moat.

You have taken enough money and robbed millions of dollars. Keep those rules to yourself, in the daylight hours they don't mean much to the traders like us.

That is how you trade, this is how we will trade, there is not much you can do about it. Stop your abusive business practices.
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Quote from day7793:

Quote from cbkswonk:

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


I am just a trader not a god.

I didn't read your crap. I bet you work for CBOE or you can be a market maker and is upset to see the truth about your Castle and the moat you have built around it. This is called enduring advantage in the marketplace, that ensures a steady abusive stream of income and profits, until there is a new competitor who can breach your moat.

You have taken enough money and robbed millions of dollars. Keep those rules to yourself, in the daylight hours they don't mean much to the traders like us.

That is how you trade, this is how we will trade, there is not much you can do about it. Stop your abusive business practices.
More...

Um.. Dude... I'm in NYC. How is it physically possible for me to work as a SPX market maker physically on the floor. No, I'm not a e-DPM or RMM either.

I've robbed millions of dollars?!? Where's my check. Where's my house in the Hamptons?

Oh well, I guess you're right, i'm wrong, I'm going outside to polish my Bentley and take the BMW for a spin into Manhattan.
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Quote from cbkswonk:

Um.. Dude... I'm in NYC. How is it physically possible for me to work as a SPX market maker physically on the floor. No, I'm not a e-DPM or RMM either.

I've robbed millions of dollars?!? Where's my check. Where's my house in the Hamptons?

Oh well, I guess you're right, i'm wrong, I'm going outside to polish my Bentley and take the BMW for a spin into Manhattan.
More...

Go crash your car and don't come back. I hope you are at least successful at that.
 
Quote from day7793:

Go crash your car and don't come back. I hope you are at least successful at that.
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With my millions (as you claim) in Ill Gotten gains, which car should I wreck? Surely the Bentley must be a suitable choice..

I guess I could crash it into the center divider on the brooklyn bridge?

Dude, you really crack me up.

I hope to see you trading on Monday. I hope my friends at the CBOE have fun with you.
 
Quote from cbkswonk:

With my millions (as you claim) in Ill Gotten gains, which car should I wreck? Surely the Bentley must be a suitable choice..

I guess I could crash it into the center divider on the brooklyn bridge?

Dude, you really crack me up.

I hope to see you trading on Monday. I hope my friends at the CBOE have fun with you.
More...


I am sure your pals at CBOE will drown in the moat they have dug around themselves , now 100s of traders know this tactic. There will be lot less of those wide and bids and asks. That was the prime reason of posting this on weekend.
 
Quote from mde2004:

cbkswonk,

You a pro MM crook. Tell the truth about how you guys screw the little guy everyday in the SPX pits.
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ROFL!

Hilarious. Heeeefugginlarious!

This place never ceases to amaze me.

I for one would LOVE narrower spreads in SPX. Kinda sucks giving up a $400 'edge' for each contract.


Yes, you will bring down the house on Monday. CBOE will go into emergency mode and hundreds of MM's will be instantly out of business. Oh my oh my.

Oh! The Humanity! :D

too funny.
 
Quote from mde2004:

cbkswonk,

You a pro MM crook. Tell the truth about how you guys screw the little guy everyday in the SPX pits.
More...


They have been screwing retail investors with 5, 10 lot orders right and left. Hedge Fundies and Wallstreet trading desks don't get ripped like you do. So armed with this technique you can turn the tables on SPX market makers. You are here to make a profit not fund some kids college tution at your expense.
 
Quote from day7793:

They have been screwing retail investors with 5, 10 lot orders right and left. Hedge Fundies and Wallstreet trading desks don't get ripped like you do. So armed with this technique you can turn the tables on SPX market makers. You are here to make a profit not fund some kids college tution at your expense.
More...

I traded SPX options once and lost $800 even though the market barely moved on me. In other words, I got raped good on the bid/ask spreads put out by those MM's, also known as greedy f*&king pigs.
 
Quote from mde2004:

I traded SPX options once and lost $800 even though the market barely moved on me. In other words, I got raped good on the bid/ask spreads put out by those MM's, also known as greedy f*&king pigs.
More...

Thanks, that $800 paid for my bottle service at scores. Wish you had been in yesterday, I need some $ for my strippers at Scores in Midtown tonight.

Rent's coming due soon, trade with me on Monday.

Oink.
 
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