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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Geoff Nunn who wrote (58515)	10/25/1999 9:37:00 AM
From: Soumen Barua	Read Replies (1) \| Respond to of 58727

I have been a victim of unbelievable manipulation on several occasions and now I have given up. Several days ago in one such case, the MM removed all time value. Suppose I bought some Jan options today (I pay for time value), suppose several days later my options moved in my direction (assume 5 points). The MM added on the intrinsic value but reduced the time value and my options moved very little (if any, sometimes they even go down!). This is just unbelievable considering the fact that options themselves are very difficult to play. Another of their favorite manipulation is huge spread. Other times, they keep moving the ask above my limit price so that they try to make me chase it. That is very frustrating. Good luck.