Kudos to MMs

[nitro]

02/21/2012 09:53:25 OFV = 1370.07 Buy to Open at 1366.18 Spread = 3

 

[nitro]

02/21/2012 10:31:02 OFV = -925.57 Sell to Close SPX at 1366.6

 

[nitro]

02/21/2012 11:20:14 OFV = 1368.97 Buy to Open at 1365.85 Spread = 3

 

[nitro]

02/21/2012 11:46:56 OFV = 1366.6 Sell to Close SPX at 1366.33 Spread = 3

 

[arbs-r-us]

Quote from nitro:

SPX, 1361.85. FV, 1060.72. OFV, 1360.75. POFVF, 1477.71.

No trades today. Two things of note:

1) The calibration needed to match FV->SPX is now literally galactic.

2) You can see that in order for me to match SPX, (by seeing that OFV = SPX), the effect of that calibration can be seen in POFVF, whose value, in my opinion, is nonsensical

I am convinced that SPX implodes sometime this week. I really should add short units, but already overextended.

You were overextended 100 handles ago.

 

[nitro]

02/21/2012 12:40:54 OFV = 1369.07 Buy to Open at 1365.99 Spread = 3

 

[nitro]

02/21/2012 13:00:08 OFV = -923.97 Sell to Close SPX at 1364.42
02/21/2012 13:23:16 OFV = 1364.72 Buy to Open at 1361.7 Spread = 3
02/21/2012 13:57:36 OFV = 1358.91 Sell to Close SPX at 1358.62 Spread = 3

 

[GTS]

Quote from nitro:

02/21/2012 13:00:08 OFV = -923.97 Sell to Close SPX at 1364.42
02/21/2012 13:23:16 OFV = 1364.72 Buy to Open at 1361.7 Spread = 3
02/21/2012 13:57:36 OFV = 1358.91 Sell to Close SPX at 1358.62 Spread = 3

Losing a little with each trade....but making it up in volume!

 

[nitro]

02/21/2012 14:43:13 OFV = 1357.19 Sell to Open at 1360.23 Spread = 3
02/21/2012 15:00:02 OFV = 1360.26 Buy to Close SPX at 1361.7

 

[arbs-r-us]

Quote from GTS:

Losing a little with each trade....but making it up in volume!

Exactly the reason for my offer to "bucket shop" each of his orders.