Prop options firms
- Thread starter Trader82
- Start date
Echo, Cassandra. Stay away from Don, he doesn't like options.
http://www.cassandratrading.com/
Link does not seem to be working now. Keep in mind they are a market making firm in the CBOE.
Quote from Maverick74:
Echo, Cassandra. Stay away from Don, he doesn't like options.
I like options when they're used by traders who know options really well. Had a guy, he thought because he was delta neutral, that his ratio'd short puts vs. short stock was a good, hedged posiition. I made a chart for him, showing how a very small move would have wiped out his account plus a couple hundred thousand bucks. A little bit of knowledge is dangerous....but I think I'm "preaching to the choir" eh Mav? You see more of this than I do probably.
Don
StreamlineTrade
Guest
Quote from Don Bright:
I like options when they're used by traders who know options really well. Had a guy, he thought because he was delta neutral, that his ratio'd short puts vs. short stock was a good, hedged posiition. I made a chart for him, showing how a very small move would have wiped out his account plus a couple hundred thousand bucks. A little bit of knowledge is dangerous....but I think I'm "preaching to the choir" eh Mav? You see more of this than I do probably.
Don
LOL!
Aint gamma a beauty!
does anyone have a link for echo? i wouldn't label simplex a 'prop' firm, as they seem to have a buch of people trading a common group account.
overall, seems to me that there are only a very few prop options firms...and only equity option
overall, seems to me that there are only a very few prop options firms...and only equity option
Quote from gobluechicago:
does anyone have a link for echo? i wouldn't label simplex a 'prop' firm, as they seem to have a buch of people trading a common group account.
overall, seems to me that there are only a very few prop options firms...and only equity option
Not true....
well, i may be wrong...reading over Cassandra Trading's website, they are supposedly a market maker at the CME (whatever that mean...i imagine these are leasing a seat) , but in the "About Us" section, it notes that one of the guys has to approve each order...which would make it impossible to stream quote. 