SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Herschel Rubin who wrote (1621)8/26/1999 3:00:00 PM
From: ----------  Read Replies (1) of 2241
 
As Madpinto already said, this isn't advice. Just a battle
story. I had a large position of calls to sell. The option
itself was not active, but the underlying stock was an actively traded NYSE issue.

First go, I presented the full 1,000 contracts, day limit.
(The technical term for this size lot is a XXXXload! <g>)
Got 200 filled and the price moved away from my limit.
Took about 2 weeks, but got them all done, never presented more than 200 on any given day after the first day.

IMO, just as Madpinto explained, there was some laying off
of the action occuring. I'd get a fill of 75, then 50 more,
etc. Usually I got at least 100 off if any traded at all
on a given day. It appeared to me the floor was willing to
be accomadating, as long as the specialist didn't have to
take the other side of a 1/2 million dollar bet. Personally, I can understand that REAL easy. <g>

Regards,

Doug
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News