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

To: RoseCampion who wrote (1446)	1/21/2000 5:34:00 PM
From: Jill	Respond to of 8096

Rose, really sorry to hear that. You can't trust them MMs as far as you can throw them. No market order will ever be "fair." On the other hand, consider the fact that I sold some of my Feb DIMS to exercise my Jan DIMS earlier this week, and I only got it when the stock was at 146. So if I'd waited and got 153 I'd be happy... Not much consolation, but... Jill

To: RoseCampion who wrote (1446)	1/23/2000 7:50:00 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 8096

Rose, bad deal on those calls. The Q got very crazy near the close and orders took a long time to fill (I didn't get my put-sale fill for 45 minutes, but at least my limit was respected <g>). One thing I wonder: could you have just waited for the market to close, and then sold them in the after-market? Doesn't the options market stay open for a minute or so beyond 4 p.m.? That would have given you a print based on underlying close, I guess. Sounds like instead what fido did instead was fill you "close to the close" instead of "at close". MM's could have other excuses, like exploding IV--not that it matters for your DIMs! But one must think there'd be a "safer" way to unwind. Given how tranquil the Q was all day, the crazy action of the last 15 minutes or so was a surprise (probably didn't surprise the salty dogs though, LOL).