OK, so call volatility spiked and parity was often more than a point wide - sometimes a ton worse. SPX and OEX had an 80% market cap rule. You couldn't trade unless 80% of the underlying was open. IBM was over 20% of the major benchmark market cap. Tuesday the 20th - as things started to get close to some form of normal the XMI pit was still not answering calls - Blair Hull, literally walked across the street and bought the XMI future that contributed to the market improving and some quotes were finally showing up. The actual ticket is in a frame at Hull. The NYSE prided itself on never closing. They never closed, just answered the phones and dropped the handset.
Reminds me of a story about a feud between jpmorgan and bear stearns. Jpmorgan delivers a letter of a collateral call to bear stearns at 4pm and is informed (in the lobby with hundreds of bankers walking in and out with their food delivery and Starbucks coffees) that the letter can’t be delivered because the bank is closed for the business day.
It's sitting *there*, not sitting their. LOL "Their" is a possessive pronoun of third person plural and one of the usages of "there" is relational positions as opposed to "here". The word "phat" does not exist. It's "fat". I would expect MM's would at least know how to speak proper English, right @newwurldmn? LOL See another pathetic troll who has nothing to offer, no opinion of their own and is just joining in this thread for the fun of it. This one can't even speak proper English. I am going to put this waste of space on "Ignore".
Wow. This has to be a troll post. Nothing in this post makes ANY sense. The two people who agree with me are incredibly experienced. ETJ is too classy to get in the muck but I’m pretty sure she wouldn’t agree with any of your posts on this topic. How does a market maker push gamma to infinity? Still waiting for those academic papers.
did this cunt really just "bust" me on my first grammatical error in the history of my internet posting? damn, fucking got me. when all logic fails, go for the grammar! I know his dumbass will log in via incognito just to see this message. some people just can't be helped. back to those turntables for me! *n* *tss* *n* *tss*
oh also. LMAO. "another troll who has nothing to offer, no opinion of their own" AKA "yOu DoN't AgReE wItH mE sO yOu CaN't tHiNk FoR yOuRsElF" This one aged well, didn't it!