Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jill who wrote (873)	1/10/2000 8:55:00 AM
From: RocketMan	Read Replies (1) \| Respond to of 8096

Thanks. So, to continue, does that imply that in a thinly traded option, putting in a market order is equivalent to giving the MM a license to steal? I have used limit orders, and if I really want to get a leap I have put in a limit just above the ask, to keep it from running away from me. ETrade is pretty efficient and I have always gotten a good price, usually somewhere between the latest b/a, but this is on heavily traded options. I have even used a market on a heavily traded qcom option and gotten a good price. On thinly traded ones I have less experience (not that I have that much on any of them), but I would be afraid to ever use a market order, particularly given what you said.