The purpose was to popularize a proprietary strategy, so it will level the playing field in the SPX options market to some extent. The more people know the better it is. That was a crafted strategy, not some fluke.
Some people never learn. They are stupid to start with. What I wrote I will be using Monday morning. I have been using this for a long time. Now you can too. I wish you the best.
I am just reposting some FACTS that I did earlier so no n00b that stumbles across this thread is confused by incorrect opinions that one individual posted. Have a nice day
I just went through 35 pages of garbage with about 5% very useful info. I wonder if all of the 100% of the time and efforts put into this thread had been pointed towards productive goals how much more the audience would have benefited from this thread. Day has a point, he has just discovered a new approach to him that is not so new to others, so let it be, throw in your 2 cents and let the others benefit from your knowledge, ignore his insults and does not matter if he wants to understand it or not. The objective should not be correcting one person's mind and thinking rather allowing many others to benefit from your know how, as I have from several posters here even including Day. Now, can this discussion be continued talking about electronic options, their pros & cons, which would be the best candidate for ES and why? No insults please, try to exercise tolerance even for those who lack it. thanks
Good point and I tried to do just that. But the fact is that the man made a very untrue and misleading comment on the obligations of the MM. I think if someone is helpfull and tries to point how reality works and then gets told to fo, there is a logical necessity to put this guy in his place. I am all for open and respectful discussion as you may know, but it is types like him that make this very hard to do on this forum and on the internet in general. No way you can get a fruitful thread if the originator tells all commentators to shut up and closes his ears to the actual content. Ursa..
Ursa, I have read your posts and indeed they were informative. This thread as well as all the rest of the threads are public and belong as much to every user as the author. I am sure, Day is also ready to put aside hostility and understand that some agree with his view and some not. So fine let it be. I have not traded options since a couple of decades ago, I used to back then trade OEX because they were the only ones that were electronically displayed at the time. I am now 100% into just ES but do intend to defiantly mix it with options again since together they provide a lot more opportunities. Back then I remember the options were a lot more volatile and their premiums jumped a lot more than it should for a few seconds when there was a rapid move in the index and that is what I want to take advantage of now if it still exists which I believe it should, the market psychology never changes. What I need to know is which Option would be fully electronically traded and be correlated to ES and most importantly have a tight spread and lots of liquidity? I looked at Es but didn't like the liquidity at all! From what I learned from this same thread was that SPX and OEX should both now be traded electronically? if so which is the best candidate for my purpose? thanks
r Respect comes from giving respect. When you are trying to "put someone in his place" you better face the consequences. I am not your pushover garden variety kid. You have admitted you have never traded SPX, your knowledge is zilch about SPX, what do I have to deal with you for ? On top of that you are riding a horse with a big name and trying to barrel your way in, as if I am obligated to be put in my place. I told you go away. Is that hard to understand? Go away. No dice.