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Strategies & Market Trends : Tech Stock Options

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To: AlanH who wrote (45730)6/14/1998 12:56:00 AM
From: WBendus  Read Replies (1) of 58727
 
I have a question regarding the filling of orders on AMEX options exchange for stock options. On Friday I placed a limit order to purchase 10 DIS-FC options at 1 3/8 in the early afternoon. At 2:32.17 there was a print reported for 10 contracts at that price and I was subsequently notified that I received a partial fill of 6 contracts. The data I was using was of the internet, so I requested that my broker confirm via a times-in-trade. The times-in-trade reported confirmed that my fill was part of that 10 contract fill.

My question is, Why would I only be filled on 6 out of the 10 I bid? And, Is it common for the traders on the floor to combine orders and report as one fill? Any help would be greatly appreciated.

Thanks,

Wayde.
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