SPX Credit Spread Trader

Maverick74 · Apr 20, 2006

Quote from rallymode:

I didn't say it was bad, on the contrary, i find it funny and alot of the chicago stuff hit home since i live in the west loop myself.

Anyway, seeing two apparently knowledgable traders talk like this on a bulletin board is just plain silly.

Agreed. I'll take responsibility and stop. Magna is going to have to put in some extra hours to delete all this shit. Seriously guys, I'm really sorry.. I actually wanted to have a serious conversation about the understanding or lack there of on some of these spreads. Maybe another time. Phil doesn't need all this garbage on here. I think there are like 30 pages today alone. LOL. I'll be the bad guy. LOL.

volatilitypimp · Apr 20, 2006

Here's the JA pic from the other day. Coach, you're old lady looks good even when she's all tatted up!

rallymode · Apr 20, 2006

I am not going to comment this time since i will only be repeating myself. Look at th ehigh volume though, makes you wonder who was actually on the selling side the last few days.

skanan · Apr 20, 2006

I found these posts to be quite funny. I'd better save them before they get deleted. Someday, we could have ET memorable posts. These posts could be one of them.

Quote from Maverick74:

Agreed. I'll take responsibility and stop. Magna is going to have to put in some extra hours to delete all this shit. Seriously guys, I'm really sorry.. I actually wanted to have a serious conversation about the understanding or lack there of on some of these spreads. Maybe another time. Phil doesn't need all this garbage on here. I think there are like 30 pages today alone. LOL. I'll be the bad guy. LOL.

El OchoCinco · Apr 20, 2006

Hmm market discussions and JA pics or two men snipping at each other.... I know what I choose.....

By the way it does not faze me since I am in a good mood. I decided to do a lottery ticket trade earlier today and bought a GOOG $410/$440 1*2 Call Ratio Spread for $750. In the after market, GOOG was dancing around $440

.

Looking forward to the open to get out lol....

andysmith · Apr 20, 2006

Yes, who IS doing the buying? I'm still not buying into this rally...

Quote from rallymode:

I am not going to comment this time since i will only be repeating myself. Look at th ehigh volume though, makes you wonder who was actually on the selling side the last few days.

screenstruck · Apr 20, 2006

ummm which company does VT stand for?

>1) You know Mav
>2) You know Mav and work at VT
>3) You know Mav, work at VT AND work in the same group

ryank · Apr 21, 2006

Quote from screenstruck:

ummm which company does VT stand for?

>1) You know Mav
>2) You know Mav and work at VT
>3) You know Mav, work at VT AND work in the same group

I think it is V Trader Group, www.vtradergroup.com but I could be wrong.

ryan

ryank · Apr 21, 2006

While awake last night at 3am with our 1 year old I started to wonder, why does it cost $1.25 per contract to trade options but only a flat ticket charge to trade stocks? Why can't we trade x number of contracts for a flat fee like stocks?

ryan

RichardRimes · Apr 21, 2006

Quote from ryank:

While awake last night at 3am with our 1 year old I started to wonder, why does it cost $1.25 per contract to trade options but only a flat ticket charge to trade stocks? Why can't we trade x number of contracts for a flat fee like stocks?

ryan

I've given a lot of thought to that as well...without benefit of 1 yr old...I believe its "because they can" and I'm serious

I had been reading how for brokers, depending on the number of options traders they had, the greater their profitability. The big brokers are now branching out into banking/money managing and so many other offerings (al e-trade) because they don't make money in ppl trading stocks. the "boutique" options co's are making money because they specialize in options. At least the cost of trading options is coming down but until ppl trade options as much as they do stocks (and not sure they will) it will continue to be more expensive.