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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (34603)	10/27/1998 1:07:00 PM
From: upanddown	Read Replies (2) of 132070

Mike I would appreciate your advice on some calls I currently hold. cboe.pcquote.com The trade of 10 @ 1 15/16 on 10/09 is mine. The damn thing hasn't traded since and since the underlying has more than doubled, the option is above 9 and trading close to parity. I'am looking to exit around 10 and not sure how to sell such an illiquid option. How would you handle it ? Would I normally get the bid if I just sell at market or should I set a limit just below the ask ? Thanks for your help. John

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