April 3, 2025 | Risk
The dream of any option trader is to buy some cheapie call or put option and have the stock or index go massively in the money and walk off a hero.
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March 27, 2025 | Risk
Back in 1997 or 1998, my market-making firm on the Pacific Options Exchange was in search of a trader to run the LMM (Lead Market Maker, or specialist post) on the floor of the exchange.
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March 20, 2025 | Risk
Options market makers don’t even really hedge deltas anymore on individual trades—it all goes into one big mathematical soup. It’s very hard to compete.
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March 13, 2025 | Risk
Lucky for me, I started my career on an options trading floor out in San Francisco.
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February 27, 2025 | Risk
For many years, I didn’t believe in karma.
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