Option is a fast tool for market makers to strip naiveties naked.
Don't believe it? check out earnings component of Interactive Brokers (a major market maker of stock options).
Large spread between bid-ask basically guarantees to kill off all but a few non-MM option players (buyers and sellers included).
Millions of dollars are transfered everyday from amateurish option players to option market makers.
Wish I were a MM on CBOE ...
Don't believe it? check out earnings component of Interactive Brokers (a major market maker of stock options).
Large spread between bid-ask basically guarantees to kill off all but a few non-MM option players (buyers and sellers included).
Millions of dollars are transfered everyday from amateurish option players to option market makers.
Wish I were a MM on CBOE ...
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