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Technology Stocks : Micron Only Forum
MU 344.97+5.5%Jan 9 9:30 AM EST

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To: Patrick Koehler who wrote (26930)1/21/1998 6:13:00 PM
From: DavidG  Read Replies (2) of 53903
 
Patrick,

First, when I tried to sell my calls earlier in the day
at 5 1/4, the bid-ask moved
up to 5 3/8 - 5 5/8 and was not filled. I did get it filled late in the day.


If this is a limit order and the calls moved to 5 3/8 - 5 5/8 I am not sure why it did not fill at 5 3/8. If it did not fill maybe you could have canceled the order and then re-enter a sell order at market.

I have had problems in the past when option orders are not filled and I felt it should have, but it turned out not to be the problem of Fidelity but rather the exchange. Sometimes in-the-money options have very low volume and it seems like the exchange is playing games with filling orders...and if you try to cancel they will not release the order but rather keep it as "pending cancel" for rest of day.

When this happens I quickly call the broker to fill my order rather than wait for internet order to fill. I bought PUTS today MUPGs and thought I paid 5 1/4, but the volume was heavy and got half filled at 5 1/8...so you never know. sometimes it goes in your favor and sometimes not.

I expect a down day tomorrow at open for techs b/c MSFT hinted of SEA sales slowdown, but you never really know.

Good Luck Trading

DavidG
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