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Strategies & Market Trends : The Options Box

QQQ 608.89

+0.6%

Nov 25 4:00 PM EST

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To: rx4pain who wrote (9390)	2/2/2001 8:20:09 PM
From: mtnlady	Read Replies (1) of 10876

Let's say the bid is 7 and the ask is 8. My ask at 8 is not hitting. What is your experience with market orders? How much are you charged (on average). 8, 8 1/4, 8 1/2? The scary part is if you have a market order out there and the stock starts to move up. The market maker can let your market order 'ride up' and 'hit it' at their convience and there is little you can do about it. I REALLY don't like at market orders with options because I don't trust the powers that be at all...

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