How to pull the rug on SPX market makers

Showed me how dumb you are? Why do you inflict yourself to this kind of answers? You have admitted you never traded SPX, so you don't even know what happens when you trade SPX?

Why are you exercising your puny little brain aganist mine? Obviously you are no match in any form and shape. You have been explicitly told to GET LOST, but like a shameless beast you keep rubbing your head againt a stonewall time and again.

 

Never said that. You are obvioulsy misssing the boat. Forget it, this thread is for those people who trade SPX and not some wannabe SPX traders, who don't know their ass from the hole in the ground.

 

So what does this mean?

And if you din't mean that, in what sense are you "pulling the rug"?

Ursa..

 

Whats wrong what I said?

Are you on some morphine based County Mental Health plan or something?

 

So this thread isn't meant for a SPX eMM (electronic market maker firm) as well?

Get lost you bumbling fucknut.

 

The whole premise of what you said is WRONG given the CBOE rulebook you fucker.

READ THE FUCKING RULES AND STOP POLLUTING ET WITH YOUR NONSENSE.

SPEND GODDAMN 40 MINUTES READING THE CBOE RULES. Obviously, you have YET to pass your series 4 and 7.

Until you do, Gary, STOP THE NONSENSE. YOU HAVE NO IDEA WHAT YOU'RE EVEN TALKING ABOUT!

Take that from someone who TRADES THE SPX.

 

Your not wrong. What happens is exactly as you described it.

nitro

 

Hey idiot,

Stop using profanities. I can yell much better. You are getting nothing out of it, so beat it.

This post will be reported to the moderator.

 

Read the post again, if you don't understand whats written, move on to another thread. Its been explained a number of times. No more explanations, you sit here and beat the theoretical aspects till the cows come home and sun goes down.

 

I read what you wrote. You don't know what you are talking about.

I work for an options market making firm, we are probably the biggest player in the SPX pit. I wrote the order manager software for our firm to meet compliance with Hybrid level 1 and Hybrid level 3.

All that has to happen is that the price in the book has to be honored, and what happens after that is wherever we decide to make a market to meet the rest of institutional demand. Exactly as was explained by resinate. We have a full time trader just trading against idiots like you with orders resting on the book. It is free money, but it doesn't even pay for the drinks at the parties.

Your one and two lots are meaningless. We play with 50 lots just to test our software, and when we are serious, we are making markets 1000+ up on any strike or spread you want.

I am not going to waste any more time educating you though.

nitro