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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: AUrush who wrote (86860)	1/18/2000 4:24:00 PM
From: Bald Eagle	Read Replies (1) of 90042

Any options experts here? I sold some XOM Jan 85 calls for 1 3/8 a few days ago. This morning they were at Bid 1/2, Ask 3/4. I put in a bid of 5/8. The bid shown on Schwab never changed from 1/2 to 5/8 and my trade didn't execute. I looked again a little later and it was still bid 1/2, ask 3/4. I put in a bid of 11/16. My trade went through at 11/16. I saw the increase in volume which was exactly the amount I had just bought, but the last trade price showed 5/8! I think I'm being sqewed, albeit only for about $30 since I was only buying 5 options. Any comments or insight?

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