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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (38628)	10/25/1999 10:13:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

On Options the rule used to be that if you are on the offer or on the bid you have to be good to represent at least 10. I don't know what happened there, perhaps MU moved and the Seller was away. A friend at Solomon once had a similar situation. He wanted a thousand and the Seller was out to lunch. They had to go find the guy....it was the PCoast, I think. Guy finally came back and gave my friend 10, then went back to lunch. I was hurrying typing all that. The best thing would be to scan a good book on options to get the idea. Also, it's been years since I actively traded them, so I don't recall all the exact stuff but that's the general idea. My nephew runs a bond desk in London. When I was over on the floor one time with him he told me that was the most consistent money maker his firm had.....Buying @ roughly 3 Sigma and Selling roughly 2 Sigma. More Simply put, Selling the 1270's or whatever now and Buying in the 1250s and then going over to the Call side and doing it again.