Messages posted by: jbeyer

Hey guys. DJI monthly market maker here. I wanted to point out that for some monthly DJI contracts, some minor money can be saved by closing out losing positions. For those who are short losing positions, you'll be paying out 100. I typically offer to sell those contracts at 99.3. There is a 0.3 commission on contracts priced above 95, so you are buying back for 99.6 (including commissions), instead of 100. It is a win-win for both of us when you close out losing positions as the month wraps up.

Cheers,
Jon

GAW838 wrote:

How is writing something on your hand any different from using a teleprompter.

The thing that makes it pretty bad though, is the things she wrote. She really couldn't remember to mention energy (she is an 'expert' on energy policy, after all) or to lift american spirits, and she didnt' think about whether she wanted to say cut budgets or taxes before she wrote it with marker on her hand? It is all just plays into the narrative that she's unengaged and not that bright.

GAW, I think you answered your own question. Writing on your hand really isn't any different from using a teleprompter. Except that no one uses a teleprompter to remind themselves of such simple concepts.
For most people, writing on one's hand also harkens back to the days of high school, and carries an immature connotation. My clearest memory of someone writing on their hand was a physics professor, who wrote literally anything he had to remember for the day on his hand. He also never tied his shoes. Regardless of how brilliant that individual may be, that is not who the general public wants as a president.

I would also add that the S&P year-end contracts are very illiquid, as there is no market maker. The Dow Jones contracts (daily, monthly and yearly) all have market makers, so they are much more liquid.

Cheers,
Jon

Katechon, calm down. This request was made two days ago, on a Saturday. If we expect Intrade to create quality contracts, they need to act with some thoughtfulness.

Katechon,

I agree completely. I've been watching the contract and wondering why it is so low. I thought I was missing something. Perhaps we are missing something that the rest of Intrade knows.

Cheers,
Jon

Let me get this straight. Because there is a second company involved in the ownership of Intrade, you have used your stunning powers of deduction to conclude that Intrade is colluding with the MMers.
I am one of the two Dow MMers, and I can assure everyone on this forum that I am not associated with Intrade.
Silver, you've complained about not having MMer status. You bragged to me privately how you would make a market with single-point spreads. You were given the opportunity to make a market in the yearly and monthly S&P futures. You have not acted.

I would be interested in trading this contract, but the logistics worry me a bit. I believe that the spirit of the contract is attempting to cover wether a Tobin tax will be enacted. But I think by a strict interpretation, it is much broader.
As an example, all stock sales in the US carry a "regulatory transaction fee" of 0.00257%. Most people aren't even aware of such a tax because their brokers eat the cost. If credit default swaps get forced onto an exchange, I wouldn't be surprised if there was a similar miniscule tax. That could cause the contract to expire at 100, while by the spirit of the contract (as I see it), there isn't any major new tax.
Just my two cents.

If Intrade is willing to post these contracts, I'd be interested in making a market in them. I currently make a market for the monthly and yearly Dow contracts, so I'm familiar with the process.

Cheers,
Jon

I am not considering S&P daily contracts. The daily contracts are managed by another market maker (he uses the handle Dissector on the forums). So it would be his decision to make a market in daily S&P contracts.

Hey all. I'm the market maker for the monthly and yearly Dow contracts. In the past, people have requested that someone make a market in the S&P contracts in addition or in place of the Dow contracts.
I was considering approaching Intrade re: MMing in these contracts and wanted to gauge interest.
Your feedback is greatly appreciated.

Cheers

I don't think MPG measurements are really valid for a plug-in hybrid. Do you measure it based on a 20-mile drive where the batteries start fully charged? Or a 200-mile drive where the batteries are empty?
The first measurement could be infinite, while the second could be 30 MPG.

http://news.bbc.co.uk/2/hi/americas/8227778.stm

If they are ruling MJ's death a homicide, who could possibly be a suspect other than his doctor? Isn't this a foregone conclusion that he will be charged?

I don't know if this is the platform that Intrade is transitioning to, but I prefer the hidden interface here: https://www.intrade.com/aav2/trading/tradingHTML.jsp

I believe the second interface isn't fully supported, but I have found that it works flawlessly, and prefer the layout.

andywend wrote:

1. Trying to spread rumors that her newly born disabled child was actually her daughters while making fun of the child's disability

When you do something highly unconventional (like hide a pregnancy), people assume there is more than meets the eye

andywend wrote:

2. Calling her a whore because she has 5 children

Who called her a whore for having 5 children?

andywend wrote:

3. Calling her daughter a whore because she got pregnant

Again, who called her daughter a whore? What do you think Rush Limbaugh would have said if it had been one of Barack Obama's daughters who had gotten preggers.

andywend wrote:

4. Now trying to spread rumors that she stepped down due to ethics issues

We'll wait and see what happens here.

andywend, last time I checked, California had a republican governator.