Tip, The one hour bit is just paranoia on my part. I feel that if they have my order on the books, and something happens to the stock, they will execute me, literally. And for some reason, I think the odds of something bad or good happening go up when my order is in the system. So, I limit the order.
Two ways to enter. One is just to call back in an hour and cancel if it is not filled. But, if you have a good broker, you can leave the instructions with him or her. It isn't legally binding.
I get zapped all the time being too cheap and trying to get a better price. Usually, that is symtomatic of me not really thinking the deal is a layup. If I really want to own the puts, I get them toot sweet. <G> After all, in my system, a quarter or so is not going to make a difference.
MB
MB |
