The options market seems untradeable now

floho · Mar 19, 2020

If a stock doesn't move 10 percent a day, you don't make money. Bid and asks that used to be .05 apart are now 1.50 plus apart. We should all protest and remove ourselves from this option market till the market makers, brokerages etc. make this a fair trading field.

nooby_mcnoob · Mar 19, 2020

why not sell options instead

FriskyCat · Mar 19, 2020

nooby_mcnoob said:
why not sell options instead

Bid/offer spreads, like the O.P. said.

Tony Optionaro · Mar 19, 2020

floho said:
If a stock doesn't move 10 percent a day, you don't make money. Bid and asks that used to be .05 apart are now 1.50 plus apart. We should all protest and remove ourselves from this option market till the market makers, brokerages etc. make this a fair trading field.

Then why don’t you sell us options for ”fair” prices then? Better yet, why aren’t you selling any options if the prices are too high?

Jesus.. ET has been an asylym lately..

Tony Optionaro · Mar 19, 2020

FriskyCat said:
Bid/offer spreads, like the O.P. said.

How tight markets would you like to make considering the volatility?

FriskyCat · Mar 19, 2020

Tony Optionaro said:
How tight markets would you like to make considering the volatility?

Pick your fights elsewhere. I'm just making an observation.

Tony Optionaro · Mar 19, 2020

FriskyCat said:
Pick your fights elsewhere. I'm just making an observation.

I just asked you a question. Considering the market volatility wider spreads are justified.

ironchef · Mar 19, 2020

nooby_mcnoob said:
why not sell options instead

They get you going in and coming out with mile wide bid/ask.

One thing I finally accept: mm like the house in Vegas, will take a cut no matter what.

FriskyCat · Mar 19, 2020

Tony Optionaro said:
I just asked you a question. Considering the market volatility wider spreads are justified.

Not in disagreement, I'm just saying that perhaps the O.P. is at a disadvantage either buying or selling the options given the vol levels. (hence the bid/ask spreads).

That said back in 2000 when there was a ton more liquidity I could trade options with tight spreads (even during the NDX collapse in Mar-Apr that year).

zdreg · Mar 19, 2020

floho said:
If a stock doesn't move 10 percent a day, you don't make money. Bid and asks that used to be .05 apart are now 1.50 plus apart. We should all protest and remove ourselves from this option market till the market makers, brokerages etc. make this a fair trading field.

If you don't like the spread tighten the spread by putting in your bid higher than the current bid or lower than the current offer. There may be somebody willing to hit your bid or willing to lift your offer.