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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.20-3.3%Nov 6 3:59 PM EST
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To: RoseCampion who wrote (51099)11/19/1999 4:22:00 PM
From: edamo  Read Replies (5) of 152472
 
rose..re " option spreads"

thanks your understanding. most don't realize your succinct point "you can become the market"......that is the essence of limit orders in options transactions. if you block trade with limits direct with a floor trader you will find that you will execute faster and better then a market order as they bring the market to you. to repeat you become the market. on an issue as volatile as qcom, never, ever enter market orders, or chase the option.......your head will be handed to you. over the last two weeks i layered put sales from nov 290 thru 370......all expired except the 370, which i closed this morning at 9.5 against a 17 premium on 11/12.
look at the premiums for dec 360 and 370 put sales.....why go long at this point, if you are a trader, if you can get 30+ on a put sale?

thanks and good luck....ed a.
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