Recent content by qaza

No prizes for guessing who's got the hots for Socrates Libel ? nonsense ! get real Skim

China, SOCRATES maintains that futurological flash is responsible for your insight and that it is NEVER wrong. I am unconvinced. My question to you was ....... what happens when your "knowing" turns out wrong. Or are you always right ?

Sillytonto ? I am not prodding him in any untoward way. I am very interested in how he reacts when he is wrong about a "certainty".

Has it ever happened that U JUST KNEW what it was going to do into the close and it did something else ?

You should be more specific. Are all the posts on this thread inaccurate ?

Thankyou BTW where did you get these statistics ?

Bramble I was trying to get my head around your discussion with Harry. The way I understood your 1:7 comment was that only one eighth or 12.5% of sold options do'nt expire worthless. Was that what you were saying ?

Bramble, Are you saying that if you sell a thousand options only +/- 125 will not make money ?

Nick leeson tried something similar

Was this post really necessary ?

rd no need to eat humble pie or to be apologetic but I dont see how an an algorithm will help our spoofer cos once his order has been accepted by the exchange and somebody hits it he's stuffed.

rd a further point .......... if someone is offering to sell a future or 3000 futures , what's that got to do with a market maker ?

If the last price was 115 and there are 500 lots offered at 115.00 , 500 lots offered at 115.25 and our spoofer is offering 3000 lots at 116 then if someone puts in a bid for 4000 lots at 116 our spoofer is hit. I presume the mm's are the market makers ? .............. they are not relevant

But if a big operator is looking to put on a big order , say more than 3000 lots, then our spoofer is going to get hit. Its not a question of calling his bluff, its simply business. As for being the wrong position, the mkt direction is immaterial if you're hedging and transactions of this size...

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