I wouldn't think so. I hear about business margin contraction all the time. Never an easy spot to be in regardless of business. Of course, I could be delivering pizza. But, my current fantasy is to own a dry cleaning business.
You widen the quotes a bit... activate auto-hedge... or not and play around a bit. MM's have already idea's about what would roughly happen to IV when something might happen. You have to adjust vols quickly and hedge delta's and trade in/out of vega. Sounds easier than it is, but when you're on top of it it's not too bad. I was MM during GFC in bank stock options... now that was fucked up. IV up and down 20, 30, 40 points. Vols of 150+... But you adjust and get on with it.
I've read a few stories about market makers on bloomberg. From what I've read, jump trading makes quite a lot of cash from it. + a few others. Thanks for your thoughts jackrab. See how the next few days go to tell if CL opt is tradeable for buyers.