Recent Content by funrettig

  1. GE Put Options

    Are you straight out dumb? He sold a 5$ put. Most he loses is 950k+fees if it goes to zero. It's not unlimited risk.
    Post by: funrettig, Mar 12, 2009 in forum: Options

  2. Prop Firms That Offer Salary

    I would also like to say that these figures are most likely BASE salary. You will also get a bonus for performance.
    Post by: funrettig, Feb 4, 2009 in forum: Prop Firms

  3. Options on ETF

    Your short call should almost never be assigned until expiry. There isn't a div from now til Jan. No huge short stock rate either. You should only...
    Post by: funrettig, Jan 10, 2009 in forum: ETFs

  4. IMC, Optiver, Getco, etc

    IMC pays closer to 70-80k for incoming junior traders which I think is quite ridiculous for a greeny straight out of college. And that is base salary.
    Post by: funrettig, Oct 26, 2008 in forum: Prop Firms

  5. Anybody trading 100+ SPX options per order

    Please refer to the ISE rules: https://www.ise.com/assets/documents/OptionsExchange/legal/rules/rules.pdf pg 119/120. I do not know your...
    Post by: funrettig, Jul 3, 2008 in forum: Options

  6. Anybody trading 100+ SPX options per order

    You most likely are seeing one leg of a spread (spreads can trade at penny increments). There is PIM (price improve mechanism) on some exchanges...
    Post by: funrettig, Jul 3, 2008 in forum: Options

  7. Anybody trading 100+ SPX options per order

    Okay. I just saw this thread. I've MM'd many indices in europe and usa for my firm (SPX/RUT/DAX/IWM/SPY included). XFA is a good brokerage to work...
    Post by: funrettig, Jul 2, 2008 in forum: Options

  8. Could Brokers with MM Operations Play This Game

    No, this doesn't really happen. First, the MM would have to buy .01, but as you know, customer orders are executed before mm's. So, if someone...
    Post by: funrettig, Apr 10, 2008 in forum: Order Execution

  9. Options Trading Firms

    To name a few: IMC Chicago, CTC, Citadel, Timberhill (IB), Optiver
    Post by: funrettig, Feb 16, 2008 in forum: Professional Trading

  10. interview with 2 firms

    IMC's test is more like an IQ/aptitude test than a pure fast number cruncher test. They are electronic option mm's for the most part. GL
    Post by: funrettig, Jan 12, 2008 in forum: Prop Firms

  11. bidu puts

    Your option price deteriorated mostly due to a crush in implied volatility. I believe the atm vols dropped around 12 pts. Skew also came off a...
    Post by: funrettig, Dec 8, 2007 in forum: Options

  12. GOOG mock delta neutral short strangle

    First off, the errors. Your position is short every option. So it might be easier to think of your position as -3 730 calls (8d) -5 570 puts...
    Post by: funrettig, Oct 28, 2007 in forum: Options

  13. Exiting a position

    If you don't mind me asking, what was the size of the order and which exchange did you route the order through? You should be filled at very...
    Post by: funrettig, Aug 20, 2007 in forum: Options

  14. Index Options that will expire worthless in Aug07 -- POST here !

    It seemed like a lot of traders unwound their credit spreads on friday for a loss. I hope they come back soon, vols are so high right now :)
    Post by: funrettig, Jul 29, 2007 in forum: Options

  15. Anyone interview with Optiver?

    Curtains, Did you have the final interviews with either company? If so, did you receive any job offers yet? Good Luck!!
    Post by: funrettig, Apr 19, 2007 in forum: Prop Firms