How to pull the rug on SPX market makers

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Quote from day7793:

You would be able to sell 100 or those?

Do you know how much margin your brokerage firm will need? Its over 1.447 million dollars.

I think you have no idea what we are talking here. You are not an SPX trader.
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sounds like you don't have portfolio margin. the margin on that trade would be a tiny fraction of $1.4m.

anyone trading options without pm is a small-time trader and should not tell others that they have no idea what they're talking about.
 
Quote from blackjack007:

sounds like you don't have portfolio margin. the margin on that trade would be a tiny fraction of $1.4m.

anyone trading options without pm is a small-time trader and should not tell others that they have no idea what they're talking about.
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How did you assume I don't have portfolio margin? That was for the other guy. You have a brilliant mind.

Trying putting me down again. It didn't work at all.
 
Ahhh the abusive wide bid and ask is back . Take a look at this 8/22/2007 2:00 PM Eastern.

SPX Sep07 $1415 PUT SXZ UT

Ask 24.50 19.00 — —

SPX Sep07 $1400 PUT — —

Bid 19.10 17.50 — —


This is a 5 point deep moat!
 
"IB Kevin and Stratergy,

Based on your experience, can you give some guidelines on bid/ask spreads for larger size orders, for example 100, 500, and 1000 lots outright and then the same for spread orders? Thanks - appreciate the info."

One;

It really depends on volatility, delta, and time to expiration, but outright (untied) options are typically .50 wide, and out of the money calanders & verticals are .30-.40 wide. Size doesn't scare the pit much, so the markets are often the same even for 500-1000 up.

Some actual markets in the last few minutes w/ ES @ ~1468:

Sept 1525 calls $7.00-$7.50 1000 up (screen mkt. 6.30-8.30, 50 up)
Sept 1270/1290 put vertical .70-.90 500x100
 
Quote from day7793:

When you are proven as an idiot, you resort to personal attacks, as if it will win you something intangible? You couldn't compete with me on my level of know how and skills regarding SPX trading. I care less.
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Oh wise one, please explain to us where you found that the MM has to trade any number of orders at the last bid/ask? You never seem to answer a question, I wonder why.
Also, claiming that an option is way overpriced without willing to sell them massively is just a show of ignorant babble.

Some n00bs like you are in a state of denial about the prices always being correct as they are. If not, someone would have tried to make a profit and thereby changing that price.
If your 'middle' bid gets taken out it is because it is a fair bid and someone wants to trade at that price. No rugs pulled, come on. You can't seriously think that your measly little order changed anything?

Ursa..
 
Quote from MajorUrsa:

Oh wise one, please explain to us where you found that the MM has to trade any number of orders at the last bid/ask? You never seem to answer a question, I wonder why.
Also, claiming that an option is way overpriced without willing to sell them massively is just a show of ignorant babble.

Some n00bs like you are in a state of denial about the prices always being correct as they are. If not, someone would have tried to make a profit and thereby changing that price.
If your 'middle' bid gets taken out it is because it is a fair bid and someone wants to trade at that price. No rugs pulled, come on. You can't seriously think that your measly little order changed anything?

Ursa..
More...


Why should I answer your attacks? Has that ever occured to you that is deliberation on my part?

Now get lost and don't come back , unless you contribute something of value.
 
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