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Non-Tech : Invest / LTD
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To: SJS who wrote (2872)9/11/1998 2:42:00 PM
From: Melissa McAuliffe  Read Replies (1) of 14427
 
Steve, I thought I understood this but now that I read your response I'm wondering if you could help me out here.

If I put in a bid to buy at 2 7/8 and the current bid/ask is 2 7/8x 3 1/4 why would I ever (as an individual) see the bid change to reflect my offer. I don't know if there is something comparable to level II on options but isn't the bid/ask we see the one that is set by the MM at which he is willing to sell or buy these options?

Thanks.
Melissa



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