• 9/18/26

From CBOE Runner to Market Maker: Tony Battista's Option Trading Journey

Batistta shares his compelling personal journey, from leaving Brooklyn to take a $600-a-month job as a runner on the CBOE floor, to making a million dollars in a single day during the 1987 market crash. He breaks down the early days of floor trading, the evolution of market making, and the crucial differences between retail and institutional trading strategies. Beyond market mechanics, Batistta offers hard-earned wisdom on business partnerships, particularly his decades-long relationship with Tom Sosnoff. He discusses the importance of customer retention, the realities of starting businesses, and why retail traders consistently fail because they "trade too big." Finally, he previews his current ventures: Lost Dog and Grow Your Pile.