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

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: KFE who wrote (11151)	7/4/1999 5:10:00 PM
From: Eye	Read Replies (1) of 14162

Need help understanding selling low volume options What's the best way to sell an option when there is little or no option trading volume? If a market order is placed, is it likely I will at least get the current Bid price? Or would it be better to place a limit order equal to the bid? How likely/unlikely would an order go through? I want to write some covered calls against AMCC, CNXT, and VTSS ... the contracts I'm interested in have moderate open interest and little or no daily trading volume ... I look at the latest quotes from cboe and see attractive bid prices, but no volume. Does the cboe keep their bid/ask prices "current"? I'm nervous about placing a market order when there is no volume ... afraid I'll be eaten alive by market-maker ... Thanks for any help p.s. I also posted this question in the newbie options board; I apologize if this isn't appropriate question for THIS board.

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