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Politics : Ask Michael Burke
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To: Richard Nehrboss who wrote (42853)1/10/1999 2:01:00 PM
From: Knighty Tin  Read Replies (2) of 132070
 
Richard, You will get filled and sooner than you think. There are any number of Black-Scholes money managers and market makers who are on the lookout for these "layup" trades. The options don't trade because they have trouble finding buyers. So, my advice would be: 1. Put in a bid for size, perhaps 100 to 200 contracts, at a tight limit for a short period of time, perhaps an hour. If you are hit, good, lower your bid for the next batch. If you are not hit, cancel the order and wait a day before putting it back in. That will alert the folks who want to sell that you may not be there forever.

BTW, tell none of this strategy to your broker. Just give him marching orders step by step.

MB
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