Oh.. and you're quite welcome to come meet me at the corner of 42nd Street and Broadway, this Friday at 5:30PM. I'll be wearing a white shirt, red Ferragamo tie and dark slacks with a pair of nice italian dress shoes on. Just to prove I'm not some Internet-based, muscled idiot. I do have a brick-and-mortar operation.
Just the facts.. The market does not have to fill other orders on the price of your order. If you split the bid offer spread and if that series trades on your price then you get your 1 or 2 lot. If the market going in on a particular a call series you want to trade was 19 bid... offered at 23 and you bid 21 for a 2 lot the mm's are under NO obligation to fill any other orders at a price of 21. The beauty of that is that if another order for greater size comes in and is placed on the box, say an order to pay 20 for a 50 lot, your 21 bid for 2 actually protects that order since now no one else but the pit can see that 50 lot bid and when the futures move down to the appropriate price they will simply sell your 2 lot at 21 and then sell all 50 at 20 immediately so long as the futures fall to a price where they feel there is sufficient edge as to buy the futures and sell that 50 lot at 20. If the futures move up they wonât bother filling your 2 lot nor would they be interested in selling the 50 lot at 20 bucks. But it gets even better, if other orders in nearby strikes come in and they end up buying options from those other orders they always have both your 2 lot and the hidden 50 lot to lean on in order to sell them at a higher volatility level then they just paid in a different strike. In essence the 1 and 2 lots are helpful in allowing the pit to lean on any other orders that might be out there. The beauty of the âout backâ or the large collection of mmâs who only trade 10 up is that they keep the bigger greedy mmâs from leaning too long on those hidden gems like the rare 50 lot that might be put on the box. The 10 lot crew is more willing to trade the 1 and 2 lots for a lesser amount of edge then the big firms. Of course almost all the of the size order flow, say 25 lots and higher donât get put on the box and theyâre held orders by floor brokers. Also, few of them are retail orders and only retail orders have standing in the pit. So all the off floor orders that come from prop houses and institutions have no standing donât get put on the box for all to see and contracts can trade all day long on their price and they donât have to be filled. Then again most of that order flow is shopped to other prop firms and other off floor liquidity providers before those orders ever hit the pit. Then the floor broker simply walks into the pit and since he now has both the buy and sell side of the order he crosses it at a pre agreed upon price and he may dish some off to the mmâs to keep them happy. It all has a place in the market and unfortunately in a product like the SPX since its aimed at the institutions not the retail guy, that little 1, 2 and 3 lot retail guy gets screwed.
I really don't want to bloody your outfit pal and squeeze your nose through a ringer, I really don't care that much about you. You are an utter waste of humanity. Born and raised in some hell of household, you even have to mention what kind of tie you wear? Is that all necessary? In a street fight, you will be cooking an omelette on the pavement.
1.You are a weak headed imbecile. You are butting heads with people twice your wisdom and strength. 2. If I wasn't this strong, had the nerves of steel, I wouldn't be making the kind of money I make trading these SPX bastards for a living hell. I wouldn't be giving away these strategies for free.. Yes for free. 3.People hold such information to their chests weakness lies in not sharing things, they don't talk much, they withhold information. Because they are weak in character and mind. 4. You are outclassed, out gunned, outsmarted at every step of the way. Stop beating yourself with objects twice as hard as your numbskull. Go lick your wounds and end your sorry state of mind.
This the 5th time you posted the same crap. Are you a full grown moron with no lightbulbs functioning? Are you this dense and stupid ? GET LOST.
Hmm.. you seem to be the one threatening.... I'll call you out on it. Prove your words. I'm offering 42nd and B'Way, NYC this Friday. If you make as much money as you claim to do, you can afford it. Fly into LGA and take the shuttle bus, it will drop you off at GCS. Walk appx. 5-6 blocks west to B'Way.. 5:30 Prove it.
1: You mean twice my idiocy and strength. You're a world class fool, who just proved it. 2: It's PAPER MONEY. It's NOT REAL MONEY. Get that through your head. With the way you're talking, you've never worked on a institutional desk! 3: If there was something worthwhile to discuss, i'm sure i would discuss it. Care to talk about the treasury market? 4: Outsmarted? Explain to me how CBOE Hybrid works, and 3 simple strategies to beat it. If you can do that, THEN I will admit defeat.
Get Lost? why would I do that? No matter how many times you beg me to leave I will continue to post that info to make sure no one is fooled into thinking you have the slightest idea of how things work in the SPX pit. Have a nice day