How to pull the rug on SPX market makers

Status
Not open for further replies.
Ursa, et. al.

You guys are wasting your time with this individual. I've been pulling his chain with the exception of:

a) I trade the SPX
b) I told him to read the rulebook - nobody is above the rules (i.e. it's too damn expensive to BREAK the rules)
c) If he or I or anyone else had a complaint, file it with both the NASD and CBOE (CC the other regional exchanges and his broker)

He has not listened.

So, from what I deduct:
1) He lacks the experience of which he claims to have
2) He is flying in the blind with respect to the rules
3) He has no idea of how the SPX or any other major index trades (on one primary or linked exchanges - for that matter he has no concept of the ITS rules that govern such trading)
4) He has never worked at a major broker-dealer or options MM firm such as the places I have worked/work at.
5) maybe he is just plain nuts/insane.

I just enjoy pulling his chain (all is true except the Bentley, BMW) - the CBOE 34 year anniversary pin and the champagne glass, because I was on hand to celebrate the anniversary party in June because I am FROM chicago.

It's a lost cause. The kid is clueless. (I say kid tongue in cheek, I have yet to break 30 although it's coming soon enough)

:)
 
Quote from ChiBondKing:

Ursa, et. al.

You guys are wasting your time with this individual. I've been pulling his chain with the exception of:

a) I trade the SPX
b) I told him to read the rulebook - nobody is above the rules (i.e. it's too damn expensive to BREAK the rules)
c) If he or I or anyone else had a complaint, file it with both the NASD and CBOE (CC the other regional exchanges and his broker)

He has not listened.

So, from what I deduct:
1) He lacks the experience of which he claims to have
2) He is flying in the blind with respect to the rules
3) He has no idea of how the SPX or any other major index trades (on one primary or linked exchanges - for that matter he has no concept of the ITS rules that govern such trading)

I just enjoy pulling his chain (all is true except the Bentley, BMW) - the CBOE 34 year anniversary pin and the champagne glass, because I was on hand to celebrate the anniversary party in June because I am FROM chicago.

It's a lost cause. The kid is clueless. (I say kid tongue in cheek, I have yet to break 30 although it's coming soon enough)

:)
More...


Your stories have changed 30 times in this thread. You didn't pull my chains, you got lots of crap heaped on you. Now you say you are SPX trader, in the morning you were the market maker? Now which statement is true? Why should anyone believe you?

What I have posted in my original post, is true and correct. I will not elaborate a discussion on how the SPX pits works and what the rules are, its nothing relevant to what I posted. Those who are smart will pick this up quite nicely, those who are NON TRADERS and vagrant idiots like you will endlessly attack and divert and bankrupt a nice thread.

Take it what its worth or leave it alone.

No one is forcing you to do what I posted originally, in fact I am not even interested in your vagrant incursions which are out of line here.
 
Quote from MajorUrsa:

Did you finish high-school?

Ursa.. [/B]
More...


A question from an idiot who has not traded a single SPX contract, who is meddling with professionals who used to make a living trading SPX

That was a nice insulting mode, you went into brother.
 
Quote from MajorUrsa:

Did you finish high-school?

Ursa.. [/B]
More...


A question from an idiot who has not traded a single SPX contract, who is meddling with professionals who used to make a living trading SPX

That was a nice insulting mode, you went into brother.
 
Quote from day7793:

Your stories have changed 30 times in this thread. You didn't pull my chains, you got lots of crap heaped on you. Now you say you are SPX trader, in the morning you were the market maker? Now which statement is true? Why should anyone believe you?

What I have posted in my original post, is true and correct. I will not elaborate a discussion on how the SPX pits works and what the rules are, its nothing relevant to what I posted. Those who are smart will pick this up quite nicely, those who are NON TRADERS and vagrant idiots like you will endlessly attack and divert and bankrupt a nice thread.

Take it what its worth or leave it alone.

No one is forcing you to do what I posted originally, in fact I am not even interested in your vagrant incursions which are out of line here.
More...

Again, you fail basic reading comprehension and understanding.

So, let me put it to you in bold:

MY FIRM IS A E-DPM IN SPX OPTIONS, AND HAS A FLOOR PRESENCE AT THE CBOE

If you don't know what the fuck that means, then go piss on yourself in bed tonight you stupid fucking imbecile.

LOOK UP E-DPM or the term REMOTE MARKET MAKER at CBOE.com

READ THE FUCKING RULEBOOK YOU FUCKING IDIOT.
 
Quote from MajorUrsa:

Yeah, I knew you would say that. But who cares: if the premiium is as outreageous as you think, than a .10 profit is sure to be made.

Ursa..
More...


How would you make a profit when you can't put up a 1.445 million margin in your account? Besides that is not very bright to sell OTM low premium options.

Is this some fantasy trade?
 
day,

Keep trading spx, and good job on finding this "middle the market" gem of a strategy.
I can't believe someone hadn't thought of that by now.
I am going to try and apply it in other arenas as well. I bet I could have knocked off at least a couple hundred of dollars off the price of my Porsche by applying this algorithm.

Please keep trading, leverage up, we need more market participants like you!
 
Quote from day7793:

Besides that is not very bright to sell OTM low premium options.
More...
Well, you yourself said they were heavily overpriced, so it is a sure profit. Just explaining how the market works: if they're overpriced someone will jump in and take'm all.

Sorry if this is too theoretical for you, my intelligence doesn't permot me to go any lower. Shake your head slowly and listen to the ball-like thing bumping around in your head, yes that's your brain. Now try to use it and make a logical conclusion for once in your life. I'm not telling which one.

Ursa..
 
Quote from day7793:

Now you say you are SPX trader, in the morning you were the market maker? Now which statement is true? Why should anyone believe you?
More...
Where did he say he's a MM? Never saw that statement. Learn to read.
 
Quote from ChiBondKing:

I just enjoy pulling his chain (all is true except the Bentley, BMW) - the CBOE 34 year anniversary pin and the champagne glass, because I was on hand to celebrate the anniversary party in June because I am FROM chicago.
More...
I thought that was the best part :p

Ursa..
 
Status
Not open for further replies.
Back
Top