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


To: KFE who wrote (1472)1/22/2000 2:13:00 PM
From: Jill  Respond to of 8096
 
Hi...I've found limit orders btw the bid and ask almost always work if I'm patient, on QCOM especially. Just need a little bit of patience.

Jill



To: KFE who wrote (1472)1/22/2000 6:02:00 PM
From: SecularBull  Read Replies (1) | Respond to of 8096
 
In my experience, you don't get as much manipulation of the bid or the ask when you enter spread orders. You kind of box them in. That's not to say that it doesn't happen. I can't tell you how many times I've put in limit orders in the spread, and watched the MMs schtique it to me by bumping the ask, and holding it there.

You probably have better luck with QCOM options due to the liquidity of QCOM. If you really want to see how they play games, try entering a limit order in the spread on a fairly illiquid stock.

Regards,

LoF



To: KFE who wrote (1472)1/23/2000 4:15:00 PM
From: Detail-MD  Respond to of 8096
 
KFE, RE: "When placing a limit spread order your odds are better at splitting the bid/asked spread because you are giving the market makers two sides to trade against."

That's what I have found too--works good for me.