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Technology Stocks : Dell Technologies Inc.
DELL 133.20+5.7%Nov 26 3:59 PM EST

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To: Geoff Nunn who wrote (72630)10/16/1998 5:26:00 PM
From: nihil  Read Replies (4) of 176387
 
RE: Are you correct?

No. I have not bought an option at the Ask or sold one at the Bid (except in dire emergencies) in months. I routinely do better on spreads by rolling my own (keeping up to 90 per cent of both spreads). Use a +/-1/8 difference on the > $3 options and +/- 1/16 on cheaper options. When you want to buy an option offer 1/16 more than the bid, and you will become the market bid and get the next market order. Check and see if your offer becomes the market bid (if not sue!). There are usually many market makers, some of whom will be happy to make a teeny if they are too long. Collusion cannot be organized just to cheat you out of a point. Scalpers are competing to make trades to maintain their lifestyles. If you are the bid, you will be filled, the new bid will drop, and the market will stumble on.
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