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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (41804)	1/1/1999 4:27:00 PM
From: Tommaso	of 132070

I guess that's why it worked OK when I bought the one quite expensive put on AMZN. it moved down as I had the broker on the phone and I just said, "take it." I guess for really cheap puts one could include an all-or-none and set the limit right at the ask or maybe even a sixteenth above to encourage an execution. Or would it be better to trust the broker's market maker to haggle a decent execution with a market order? With the thinly-traded LEAPS trading at around 2, how much risk would there be of running the price up with a market order? Also, as there is with stocks, can the broker see how many contracts are offered at the ask? Sorry to keep picking your brains, but these are the sorts of things that books don't tell you--and sometimes not even brokers know them.

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