|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content="text/html; charset=iso-8859-1" http-equiv=Content-Type>
<META content="MSHTML 5.00.2614.3401" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV>Hi Bob,</DIV>
<DIV> </DIV>
<DIV>That is interesting, I show a last quote on VIX of 26.07 at 2:58 PM central
time. I show OEX option trades thru 3:14 Central time. Perhaps
electronic trading on the OEX was not affected. If that is so, I'm
pissed. I missed a 3 point short because they announces the shut down was
coming and I passed on the trade. Oh well, tomorrow is another day.</DIV>
<DIV> </DIV>
<DIV>
Good luck and good
trading,</DIV>
<DIV> </DIV>
<DIV>
Ray Raffurty</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:bobrabcd@xxxxxxxxxxxxx"; title=bobrabcd@xxxxxxxxxxxxx>ROBERT
ROESKE</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxx>RealTraders</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, August 12, 1999 3:11
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> GEN - cboe</DIV>
<DIV><BR></DIV>
<DIV><FONT size=2>That's interesting, cboe shuts down, but VIX keeps updating
and my calls have doubled when the oex went sideways. What a wonderful
post eclipse phenonenon!</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>BR</FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Aug 12 16:36:01 1999
Return-Path: <owner-realtraders@xxxxxxxxxxxx>
Received: from ml.nw.verio.net (ml.nw.verio.net [204.202.220.47])
by purebytes.com (8.8.7/8.8.7) with ESMTP id QAA25631
for <neal@xxxxxxxxxxxxx>; Thu, 12 Aug 1999 16:28:20 -0700
Received: (from majordom@xxxxxxxxx)
by ml.nw.verio.net (970819888) id PAA29535
for realtraders-sendemout; Thu, 12 Aug 1999 15:19:22 -0700 (PDT)
Received: from mail1.nwnet.net (mail1.nwnet.net [192.220.251.8])
by ml.nw.verio.net (970819888) with ESMTP id PAA29530
for <realtraders@xxxxxxxxxxxxxxx>; Thu, 12 Aug 1999 15:19:18 -0700 (PDT)
Received: from gull.prod.itd.earthlink.net (gull.prod.itd.earthlink.net [207.217.121.85])
by mail1.nwnet.net (970819888) with ESMTP id PAA10965
for <realtraders@xxxxxxxxxxxx>; Thu, 12 Aug 1999 15:19:17 -0700 (PDT)
Received: from ibm (1Cust228.tnt1.blythe.ca.da.uu.net [208.252.4.228])
by gull.prod.itd.earthlink.net (8.9.3/8.9.3) with SMTP id PAA06034;
Thu, 12 Aug 1999 15:19:12 -0700 (PDT)
Message-ID: <035601bee510$b50b32c0$06bbfea9@xxx>
From: "ROBERT ROESKE" <bobrabcd@xxxxxxxxxxxxx>
To: "Dick Crotinger" <dangle@xxxxxxx>, "kohath" <kohath@xxxxxxxxxxxxx>,
<realtraders@xxxxxxxxxxxx>
References: <02b201bee50a$b30a8f80$128d0b3f@xxxxxx>
Subject: Re: OPTN: How can they do that?
Date: Thu, 12 Aug 1999 15:19:11 -0700
MIME-Version: 1.0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: 7bit
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 5.00.2314.1300
X-MimeOLE: Produced By Microsoft MimeOLE V5.00.2314.1300
Sender: owner-realtraders@xxxxxxxxxxxx
Precedence: bulk
Status:
There may be more to it than meets the eye. The reason is RAES software is
programmed to emulate a market maker under certain conditions. For example,
where do you believe that OEX RAES bid ask quotes come from? Do you think
they come from someone keying them in or do they come from a software
routine that calculates and anticipates the next trade? Sounds devious
doesn't it. Well some years back I was hammering RAES with some trades in
sequence during a lightly traded Friday and each time I placed an order to
sell to close, the Bid would drop a tick. The next time I had a pot load of
options to unload I discovered that if I delayed the next trade by a few
minutes, the bid would "float" back up. It was rather suspicious so I
inquired about this from someone who should know since he is a cboe insider
and his answer was, yes, the RAES software will automatically change the bid
ask in its favor if it gets hit with a flurry of trades. After all, that is
what a live market maker does, doesn't he. So, Dick, it sounds like you got
the shaft by a software routine. That my friend, is electronic trading.
BobR
----- Original Message -----
From: Dick Crotinger <dangle@xxxxxxx>
To: kohath <kohath@xxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxx>
Sent: Thursday, August 12, 1999 2:35 PM
Subject: Re: OPTN: How can they do that?
> The Market WAS at 9/16 when your order was filled. That is the end of it.
> >Kohath
> >
> I agree... but the market moved there because I placed my order.
>
> That is the problem I have with it.
>
> That is the end of it.
>
> Dick Crotinger
>
>
>
>
>
|