Kudos to MMs

ES trading at 890 in our overnight session as I write this. Once again, imo it is overvalued by ~50 handles.
 
Quote from kinggyppo:

what does this mean, there is a 70% chance of the gap filling?
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Yes. The delta of an option can be interpreted as a probability measure.
 
market makers don't move markets in most markets.

hedge funds, investors and position traders move markets.

market makers just do small trades.


Quote from nitro:

Kudos to MMs standing toe to toe with these sellers the whole way down. They are getting Chinese water tortured to death. Can you imagine standing toe to toe into known redemption? :eek: People that tell me that these guys cheat and don't fulfill their obligation to make markets as a last resort, uh, you stand in front of this shit.

That said, when this recovers, those guys are going to be rolling in cash.

nitro
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Quote from tradersboredom:

market makers don't move markets in most markets.

hedge funds, investors and position traders move markets.

market makers just do small trades.
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Market Makers indirectly move markets through their hedging activity. But I agree with what you are saying.
 
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