How To Write Covered Calls - An Ongoing Real Case Study! Message Board

STOCKTALK

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 : How To Write Covered Calls - An Ongoing Real Case Study!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Victoria Walley who wrote (11123)	6/30/1999 12:08:00 PM
From: Jon Tara	Read Replies (2) of 14162

Victoria, keep in mind that if you are buying or selling 10 contracts or less, you WILL get a fill at the bid/ask (sell at the bid, buy at the ask) if your order is routed electronically. Check with your broker on their routing algorithm. Some brokers will automatically send certain orders to the floor. Usually (but check with your broker!) a market order for less than 10 contracts will go electronically. So, if I've got less than 10 to fill (almost always) and I'm happy with the bid/offer, I'll just enter a market order. The specialist should never has an opportunity to back away - the computers just make the trade. MY experience with MY broker is that if I place a limit order, the specialist can back away, and has done so. I know that if you are used to trading NASDAQ stocks, you have probably learned never to place a market order. In many cases, though, I think it is justified and safe with options.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next