"" (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.

Berkshire Hathaway FAQ

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