DAYTRADING Fundamentals 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 : DAYTRADING Fundamentals

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dominick who wrote (2155)	7/29/1999 2:35:00 AM
From: Bilow	Read Replies (1) of 18137

Hi Dominick; Regarding terminology, what I mean by "hit the offer", is to buy at the market from the lowest offer. In the example above, with a stock trading at 15 by 15 1/16, the bid is 15, and the offer is 15 1/16. So hitting the offer means buying stock at 15 1/16. My terminology is probably confusing, and possibly incorrect. I used to sit next to an ex CBOE options pit trader, and he and I always seemed to have some subtle difference in what we meant by the verbs "hit", and "lift". Obviously, he was the pro, and I am just a learner... -- Carl

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next