12:45PM? Get your facts straight you papertrader. and it was Bernanke news, not some stupid ass sell program.
Ahhh the day was very successful. Narrowed down those wide gator mouths, less meat, lots of hard stones to chew. I kept hitting one and twos in 1400 series SPX puts today. I would narrow down the bid to 9.00 to 9.50 and kept hammering them till I got out of my entire position. The market makers had no choice but to fill me at mid prices, or the whole business came to a stand still. Its one car blocking the Intersection, analogy is good as it gets. To those idiots who give lengthy explanations in these threads how the market makers works and how those rules are drawn up, I say go fly a kite! That is theory and academics, this is real live trading, money changing hands. Toward the end someone dumped a sell program at 12. 45 PM! I can't believe these asses waited till 12.45 Friday before a major holiday and dumped the SPX down the tubes! SPX dropped from 1482 to 1473 in under 12 minutes. Really nice guys enh? Took the market down when everyone was getting ready to lock up the desk and shuffle the papers in ? Real nice surprise.
Listen moron, The sell program hitting SPX at 12:45 PM Friday 8/31/2007 had nothing to do with Bernanke. I have all the news on my computer screen. I had been in the trenches all day. Narrowed those wide and bids just as my post says. I stand behind my strategy and it works. CBWONK, you will get nothing here but hard knocks, if you keep trying your stupid fate.
Now go chase your lipstick painted hookers in your Bentley and dine Mortons tonight. Just don't come back, thats all I care.
Actually, I didn't go to Mortons - I went to Delmonicos. Perfect way to close out a week. My hookers want me to tell you you're quite the lunatic - poor thing. Come meet us at Bobby Van's tonight.
LOL - just saw this thread. Went from 1st page directly to last page - from SPX option order strategies to cheap hookers. Any real traders out there or is it just kids?
It all depends where you are coming from. To every need, we have answer. Would you like to test your option knowledge against us at this point ?