How to pull the rug on SPX market makers

Discussion in 'Trading' started by HedgefundTrader2, Aug 17, 2007.

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  1. Morton's has great steak and seafood. It sure beats Outback.
     
    #71     Aug 20, 2007

  2. Thank you for responding to my post Optioncoach. I think you already know what I have posted.

    I am not assuming anything. I have knocked on all schools of thoughts and researched all over and everyone told me that it is not possible to negotiate SPX bid and ask. Six months ago I started doing it, it worked. Since than its a routine for me to put my SPX positions mid point or less than mid point fills.

    I just hit the mid point bid and ask with one or two contracts and I get filled faster. I have to do it a number of times. If you increase the number of contracts to 5 you will not get filled.

    With a 300 lot order you are at their mercy. What happens behind the curtain I don't know.
     
    #72     Aug 20, 2007
  3. I have already posted several times I have minimized my SPX trading. That way I don't partonize the Castle built by CBOE filled with sharks and gators in that deep wide moat.

    You don't " leg into the spread" You place two contract long and two contract shorts. It takes 2 efforts under 5 minutes. It doesn't matter where the market goes, you are only exposed 2 contracts at the most. You can do it one contract each, will take you longer.
     
    #73     Aug 20, 2007

  4. You ate my crap, not the other way around.

    You have a problem adjusting after a night out with lipstick painted hookers puking in your lap?
     
    #74     Aug 20, 2007
  5. That guy is full of it. He mentions BMWs , Bentleys, hookers, strippers, Steak dinners just under 2 posts. Than he admits he is tied to the CBOE after intense grilling. He is upset, cause I wrecked his weekend and he has to boast and walk tall to compensate his shattered ego.
     
    #75     Aug 20, 2007
  6. Gibsons has a better view.

    :D

     
    #76     Aug 20, 2007

  7. Priced according to the greed is more appropiate thing I can reckon.

    I perhaps make more money trading options than you do. I don't boast about BMWs, Bentleys, Hookers, Strippers and Mortons steaks. Thats for non professionals to assert their shattered self image.
     
    #77     Aug 20, 2007
  8. segv

    segv



    That is good.

    That is bad because you are in fact "legging the spread". What happens when you are trying to fill a put spread, the short (long) put gets filled, and then the SPX moves 10 points against you?
     
    #78     Aug 20, 2007
  9. How ya doin today?!?!??!?!


    Just pullin money out of the ol SPX, opened nicely to the downside...

    I narrowed the spread for you, you f'in crybaby :D


    -c
     
    #79     Aug 20, 2007
  10. GO CBOE!!!!!!


    [​IMG]
     
    #80     Aug 20, 2007
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