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Strategies & Market Trends : Options
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To: TShirtPrinter who wrote (795)1/7/2000 10:47:00 PM
From: KFE   of 8096
 
Tony,

It sounds like your order might have been entered during opening rotation. No order placed after the original opening match whether it be a limit or market order gets done until after the market maker/specialist in the options works his/her way down the series of the particular underlying. You will see the option quotes change during this time because they are on an auto-adjust system but no orders including market orders can be executed during this time. Once the market maker finishes all the opening market matches of all the series on the board then he comes back and opens the stock for general trading. Usually this takes about 5 to 15 minutes but with all the different options traded on QCOM it could take longer. When you trade options this is something that you must be aware of especially if you expect movement in the first half hour of trading.

Regards,

Ken

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