But after reading your responses to others, I don't even know why I am typing this, you are obviously a fool. Go trade something else if you don't like it. And yes I worked in the SPX for 5 years, and cash drips off me. [/B][/QUOTE] It works, it will work right now if you tried. Only people related with SPX are very upset at this post. LOL! I wonder why? Good Luck
Who cares how the SPX pit works? I am only concerned how my screen's bid and ask works to a fair value.
While SPX markets are wide on the screen, they are very tight if quoted verbally. Access to the tight markets via voice broker is typically available only if you trade in relatively large size of at least 100 contracts. Traders dealing in smaller sizes may be better off in screen-based products such as ES, SPY, NDX etc.
Wow. You really have dug in deep to defend your ignorance in the face of lots of accurate and potentially useful information.
But he just made a conflicting statement re: Fair Value - all the while deriding the whole notion of calculating any kind of "fair value". So, what is it day? How do you calculate your "fair value"? Crystal Ball? Crystal Meth? -c
Listen Bozo, The abusive practice of 4.00 difference between BID and ASK has no basis commerically except GREED. Milk down small customers en masse. Fair value is the mid price or less than mid price in my book of trading. Firsly I don't patronize SPX and CBOE, secondly,can bust your abusive practice into shreds every day of your life. This is a powerful technique, hope you get the message. Good Luck
Yes, I'm really scared. Thanks for the cash today, i'm going to have a nice dinner at Harry's tonight in about 1 hour.
Why do I need to know how the viper pit functions? The snakes can coil among themselves and swallow each other, for what I care. I care what shows on my computer screen and how I can deal with it or walk away. I own that power, just to walk away, take my ball and bat and play somewhere else. There is nothing you can do about it. You will lose business, you will be become the scrouge of the trading community ( I think you already are). The moat stinks. Its full of dirty green water.
Stop dropping these fake coins to bloster your shattered self image. You look ridiculous and uptight as a whore on her first customer of the day.
Well, well.. Do I sense of tinge of jealousy here? Go on, move on to another option contract, and find out the rules work the same way. But, I guess maybe you have a reading comprehension problem (did you fare well in college?) - read the rulebook for the product you trade. And yes, for the record, the water in Chicago is green - during St. Patrick's day. And no, I'm not as tight as a hooker. Have fun getting raped repeatedly in any market you go to.....not my concern one bit.