Subject: Re: Check Capital Management BRK Options Stragegies
"" (in your example, you as market maker would be the putative buyer at 6.60, not seller)
"" mornin jim, if you are offered at 6.65, and I, the MM< sell 50 at 6.65, I can't lose. WORST CASE, stock moves higher, I'm short 50 at 6.65 ,I buy the 50 you have offered at 6.65, I broke even. IF, brkb trades down,like it did yesterday, I'm short 50 calls at 6.65 , and I will try to buy them back at a lower price, hence a very low risk trade, for me. As a MM< I would LOVE to have you and other retail players put me in that position, 1000 times a day, limit orders for the day , buy or sell!! IN fact, I would send you Sees chocolate's weekly, to show you my appreciation. I type with one finger, so I try to keep it brief, what am I missing? Thanks.