@jessejames Price differences/mispricings/bid ask spreads between the 5 U.S. option exchanges. Yes, the edge was the software.
Ok, my lucky arbitrage was being in the stock and watching the option market at the same time. I don't care much for stock-options, in 2008 I had Puts on stocks that fell from $5.00 to $1.50 with three months left of Time-Value. I assume you put your contracts for sale at $3.55, $.05 for three months of time, nope, not one contract absorbed! Now the stock is down at $1.35 and they won't fill the order at $3.55, it's in the money by $3.65. Frequently with those "Puts", I was forced to exercise those options and buy the stock long and have a boxed position, which of course messed up, screwed up my buying power for days. I never got those stock options that traded so weird, that's why I do my best to avoid stock options unless it's a conviction buy. It's a sad situation when you can't sell stock-options below intrinsic value with lots of time too! Why is that, is that why Retail Traders don't have any edge against professional traders? Night Market, thanks for your help, I am off to bed for a whooping four hours, it's 1:36 and i am done with Zack's, OTC-BB and Pink Sheets, Barcharts and scanning for Thursday. added! ps. those options (the few i did buy of those puts) the stocks went BK, so i guess I got the last laugh but had to pay the extra money to exercise those options $39.00 extra!
Surf said to the person that wanted to show him in the snow how to correct skids and have fun doing donuts, surf thought: "well I do love to eat donuts"
Jack, I have been contacted by a personage of high regard who has advised me that you are one of the few heirs to the Hershey chocolate trust fortune managed by Melon private banking. Can you confirm or deny this information? thank you, marketsurfer
It is true that I am related to the founder, Milton Hershey. It is also true that I have relatives from the Mellon family. Both families own property in Cherry Valley, N. Y. Also it is true that the original dairy farm on Manhattan Island (a part of NYC) was re-established in Cherry Valley and the original land is still under long term leases. (See names on plaques and see name of street the mayor's resident is on.) Check the donnors list for the land on which the UN is located. Locally, I have relatives who are members of the Century and Cosmopolitan Clubs. I am only an occasional guest at the Links Club. Your personage of high regard is incorrect. I'm sure banks participate on the manangement of money, don't expect me to be cognicent of those details. The Hershey School, in Hershey, PA first built and operated by Milton Herhey is the location of his bequests. The Hershey Hospital (A major GP training hospital in the US) is a subsidiary of the Hershey School I am a charter member (co-founder) of the PA Biologists Association and Paul Hess, the head biologist at Hershey Foods, was also a co founder. Although I was an ADJ Prof at Wharton, I am NOT the present Jack Hershey at Wharton. In the past, when you lived in Bryn Mar (sp), I was part of the Administration of the University City Science Center (a consortium of 29 colleges and Universities.) I ran 2 of the five divisions. In that academic interval I worked at EOP (4 different Presidents) as well (202-456-1414). As you see from my prints(100 ES contracts level), I use an MAT setup and I operate using POA's of persons who are solving problems. I operate as an amateur as determined by the NFA via my IB's. The systems I use are fully articulated in ET (including all the math and all the look up tables). To find the 31 books I have written a person must search properly. "dot au" is commonly used when looking for people known as authors. My last book sold 400,000 copies in four months. Used copies, if available, are selling at 10 times original prices. for whatever reason, I have always been the lead author. My specialty is organic chemistry (check papers at NTIS) and I am the inventor of continuous fermentation. I have declined seats on ASTM (now has a new name) committees (See carbon, etc). I am a member of AAAS. The three most important contributions that affect every individual every day that are attributed to me are: 1. Final red lining on PL 92- 500, 2. Replacing lead in gasoline with ethanol. 3. NEPA's EIS (Justice Douglas nicknamed us the Green Mafia)