when institutions traded mutual funds after 4 pm they received the 4pm nav (net asset value) of the mutual fund thereby stealing from the other shareholders of the fund. I have never heard of that done with options because if the options exchange is closed who would take the opposite of the trade.
It is my understanding that they placed orders to buy and sell prior to 4PM and were allowed to cancel orders after the 4PM close. You're missing the intent of the thread, free money/leverage/optionality, not to be taken literally wrt listed options.
I remember that, was quite funny, acted all-mighty then got humbled in a week, priceless stuff you see in ET.
thanks for explanation on options. with mutual funds it was almost a guaranteed trade because you got the 4 pm price after the futures or the underlying had made an after 4 pm move. because they are mutual funds there are no friction costs in buying and selling them.
yeah, like your talking about AAPL being a train wreck into earnings? You must've meant an upside train wreck, right? I offered to make a bet on 1000, but declined as I'd typo'd and had meant 2015. Obviously either call was dead. You're welcome to compare your PNL on GOOG to mine. I'll be happy to isolate my performance in the ticker in % and notional terms. We can post it here if you like. My PM works.
As a trader I am wrong all the time, I'm sure you are too, being wrong is not what made your comments so funny, was the fact that you preached it like a mighty God and got humbled like a servant in a matter of days. No need to compare anything, I'm sure you are not only a better trader but much wealthier. I mean, the way you speak, all high and all-mighty, you must be.
You're wrong all the time? Who would know as you never post trades here. Oh jeez, you're a punk and a stalker. You've posted about the GOOG comment 1/2 a dozen times now. That's pretty fucked-up. You should spend less time worrying about my GOOG comment and more about your own trading. Between the two of us; I've made money in GOOG this year. Here's the comment: Yahoo Finance called; they want their idiot back. GOOG will not see 1000 before 2016.
Bottomline, you were ridiculed and received a taste of your own medicine as you so enthusiastically and sadistically enjoy ridiculing others here. Personally, I'm glad you received that shot of humility, Karma can be a bitch Atticus, and right now the ridicule of such post (re: GOOG 1000) continues to sting you and haunt you. What comes around goes around.
Humility for stating it wouldn't touch 1000? Not at all. If that's the test of humility then I'd off myself. I've posted more profitable trades in r/t to this site than anyone in the history of this site, and by a factor of 10 or more. If I were concerned about making a bad call then it would be contrary to self-interest to post as many trades (1000s) as I have. You've declined to take me up on publicly posting our 2013 performance? Why's that? Too much humility for you? Yahoo Finance called; they want their idiot back. GOOG will not see 1000 before 2016. 7x... and counting. I ridicule frauds like you; Fxforex and others who blatantly lie and deceive. You're in good company.