tastytraders understand market velocity better than the rest of the industry. The notion that markets fall much faster than they rise is something that we all know, expect, and trade. Generally speaking,with market prices is given as a driver of this phenomenon. Well today, we offer up a second causal relationship that could be contributing to this market dynamic. It is the notion that market makers (such as Tom and Tony in a former life) will more aggressively move their down in falling markets than they would move their up in rising markets.
Do Tom and Tony agree? Is this what they actually did in the pits? Tune in to find out!