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Pastimes : Play It On Paper- Clappy's Newbie Option Thread

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To: Clappy who wrote (75)7/26/2000 10:41:36 AM
From: Clappy  Read Replies (3) of 176
 
Trade

I bought the RMBS Aug 50's Puts for 15/16. : 26 contracts for $2,475.50 Ticker: BYQTJ
The Aug 60's for 2 5/8. :9 contracts for $2,362.50. Ticker: BYQTL
And the Aug 75's for 9. :2 contracts for $1,800. Ticker: BYQTO

These quotes were taken at ~10 AM. (I had looked up at 10:30 and there is a 20 minute delay.)
I'm hoping that the MM's would have executed these orders. They were actual last sold prices that matched the current ASK price.
Paper trading sure is less stressful in this respect.
The MM's probably would have made me sweat it out. I most likely would have put in a higher bid.

My total RMBS investment in puts is $6,600.00
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