I started my career as a market maker at the Chicago Board Options Exchange and then CBOT (was a runner first, then a clerk, then a trader) Market makers are paid to provide a market. @blur_io is doing exactly that. Paying you to be a market maker. 1/🧵 Part of being a market maker is getting hit on the bids and then selling higher. Today's markets are so liquid you really don't need them anymore but the CBOE was new and they needed people like us for liquidity. So the spreads were juicy. 2/🧵