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How to pull the rug on SPX market makers
- Thread starter HedgefundTrader2
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I have an IB account and have noticed that the SPX ticker (from CBOT, via the API) provides things such as bid, ask and implied volatility. It seems there is a big difference between the bid/ask. Is the implied volatility a percentage? Of what? Is any of that information useful for trading the ES futures?
Quote from cbkswonk:
Sure kid.. ok. Yeah.
Today there was one spread where only 13 contracts trades. I couldn't peel that off, come Monday, we'll go at it real ugly.
Meanwhile I expect you to chase cheap hookers and run around in your Bentley and eat those Morton steaks and snort coke.
If you keep coming back here, your will be eating those dollops over the weekend. So go enjoy your miserable existence.
Quote from no. 22:
I have an IB account and have noticed that the SPX ticker (from CBOT, via the API) provides things such as bid, ask and implied volatility. It seems there is a big difference between the bid/ask. Is the implied volatility a percentage? Of what? Is any of that information useful for trading the ES futures?
Please read my original post and all the discussions again.
The wide BID and ASK is a symbol of good ole American greed.
Quote from day7793:
Please read my original post and all the discussions again.
The wide BID and ASK is a symbol of good ole American greed.
You've got to be kidding me...
Define for me the following:
Delta
Gamma
Theta
Vega
Implied Volatility
Historical Volatility
They're pretty basic, if you can define them, then myself and everyone else on the board will begin to take you seriously.
And no, don't give me the Investopedia definition either. Explain how they inter-relate, and what effect they have on price.
Quote from cbkswonk:
You've got to be kidding me...
Define for me the following:
Delta
Gamma
Theta
Vega
Implied Volatility
Historical Volatility
They're pretty basic, if you can define them, then myself and everyone else on the board will begin to take you seriously.
And no, don't give me the Investopedia definition either. Explain how they inter-relate, and what effect they have on price.
Why should I respond in a civil manner to an idiot who has been harassing this thread?
Read Larry McMillan's " Options as a Strategic Investment" and Sheldon Natenbergs " Options and volatility". Those are for people who are starting out and the definitions are given there.
You don't have to take me seriously, you will learn one whip at a time.
Quote from day7793:
Why should I respond in a civil manner to an idiot who has been harassing this thread?
Read Larry McMillan's " Options as a Strategic Investment" and Sheldon Natenbergs " Options and volatility". Those are for people who are starting out and the definitions are given there.
You don't have to take me seriously, you will learn one whip at a time.
I read those books years ago. Try again. I'm trying to be civil here, because it's not *my* credibility on the line....
Quote from day7793:
Its not worth meddling with threads that you don't understand. You have no idea how SPX is traded so you won't know it at all.
Who cares if Market Maker is obligated or not. We force our desired BID and ASK and get our trades executed. I have been doing it all day today. Those bastards were taking it right or left.
I would suggest you consult a doctor, you seem a little bit unbalanced to me.
I see you're just another brave soul lobbing insults as you hide behind your computer in anonymity, gee we enver see that on a board.
I am sure I trade more SPX contracts in a week then you trade in a year, and have been doing so for years.
There are hoards of mm's in that pit who make a living filling those 1, 2 and 3 lots. They're in the 10 up out back in that pit, they pretty much trade only the retail order flow which is no doubt the 1, 2 and 3 lots. The way business gets done has changed for the better for those guys since the liquidity in the ES and the access to the ES has evolved now they can dismiss those 1, 2 and 3 lots a heck of a lot easier and lock in edge on every single trade.
<<<<yawns ... to quote on other astute poster on these forums..
"okay now its your turn scream and rant and to pretend you know something"
Quote from xflat2186:
I see you're just another brave soul lobbing insults as you hide behind your computer in anonymity, gee we enver see that on a board.
I am sure I trade more SPX contracts in a week then you trade in a year, and have been doing so for years.
There are hoards of mm's in that pit who make a living filling those 1, 2 and 3 lots. They're in the 10 up out back in that pit, they pretty much trade only the retail order flow which is no doubt the 1, 2 and 3 lots. The way business gets done has changed for the better for those guys since the liquidity in the ES and the access to the ES has evolved now they can dismiss those 1, 2 and 3 lots a heck of a lot easier and lock in edge on every single trade.
<<<<yawns ... to quote on other astute poster on these forums..
"okay now its your turn scream and rant and to pretend you know something"
You came here I didn't go to you , you started with that nasty attitude, and now you blame me?
My post doesn't concerns how the SPX market makers work. Nor it should concern you. If you have been trading SPX for years how come you don't know what I posted here? Makes you look silly and stupid doesn't it? You have been handing your ass to the SPX maket makers everyday ?
Take what I posted here or leave it. If you were that smart, you would have figured it out long time ago.
Goodbye
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