> its dangerous to short the incumbants on the thesis that new tech will immediately replace them, the old guard can be very sticky. Helpful. I keep waiting f

> its dangerous to short the incumbants on the thesis that new tech will immediately replace them, the old guard can be very sticky. Helpful. I keep waiting for electronically quoted options structures to eliminate the brokers, but it doesn't appear to be happening. The WTI options chart in the middle of the article shows them holding firm.