Mik, Yes, my criteria for liquidity is much lower for options than for stocks. Why? Because, if I have a winner, I can deliver short stock into my long put to get my money out. Or, if I have a long call, I can call the stock. So, there is no way that liquidity can hurt me. Also, as a time animal, the option will pick up volume and open interest as it approaches expiration month. If it is so far out of the money that there is no volume, then I am dead meat anyway. If it is so far in the money that there is no volume, I'll get bugs on my teeth from grinning. <G>
So, as long as I can get my initial trade done, lack of liquidity doesn't bother me. But, to the point, I didn't fill on the DWQPOs, so it is bugging me right now, and not on my teeth. <G>
MB |
