Good, short read for options players.

You might want to check this out:

http://www.tabbforum.com/opinions/taking-advantage-of-the-retail-investor

For those who don't subscribe to Tabb Forum (you should, good info).

http://premarketinfo.blogspot.com/



Don

 

Poor sap...but if you submit a market order in an illiquid market, aren't you just begging to be crucified??

 

Actually as a retail customer, I have found that I often get better than bid/offer when i do so. Sometimes my size is even bigger than posted bid offer (but not by a lot).

 

Of course, most of us would due to the HFT guys jumping in front by some amount, then laying the trade off with another series.

Don

 

I don't care who my counterparty is.

Btw - i like the site. I'm going to look at it more and maybe i'll subscribe.

 

someone bought 26.07 in OFF as well. This is like putting a market order in spx options just asking for it. Maybe Corzine is trading.