America On-Line: will it survive ...? 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.

Technology Stocks : America On-Line: will it survive ...?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: James F. Hopkins who wrote (3756)	7/2/1997 3:56:00 AM
From: Joe Mourad	of 13594

Jim, Quotes on aol options. One needs reliable quotes if one is to make smart trades. The option quotes are composite quotes from three exchanges, Pacific, CBOE, AMEX. However, it is not a best bid, best ask. Often you get the exchange with the widest spread. This hurts liquidity. Example: at 3:52 on July 1 aoltj was at 1 x 1 1/16 at the CBOE, but 13/16 x 1 at the Pacific. The composite quote was 13/16 x 1. I tried to buy at $1 all afternoon. The ask hit $1 but no trades went off, mine or anyone else's. I did modify to 1 1/16 but then she moved. Although many people get exchange quotes, others do not. When they see the big spread, often untrue, they are less likely to trade. Brokers are often clueless about this so it often a waste of time to try and work with them on this. You have to ask for exchange quotes and ask to submit to a particular exchange which may take forever with some brokers, if you want good executions. Maybe everybody knows this. It makes it frustrating to trade options. Joe See webservices.pcquote.com during market hours and compare (&A = AMEX &C = CBOE &P = Pacific)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next