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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: KFE who wrote (1309)3/28/2000 11:23:00 AM
From: OX  Read Replies (1) | Respond to of 2317
 
hi Ken,

I've not done 'unwind' orders, but I have done buy-writes. I would think if a broker can do buy-writes, they can do the opposite (sell-cover?)

IMO if you have a fast execution system, I've been able to catch a momentum 'wave' where a stock will strongly trend in my direction for continuos movement so I can leg out (or in).
you just have to trust your execution system and do a lot of praying along the way :-)
but it can be worthwhile, often nabbing an extra half point or so.



To: KFE who wrote (1309)3/28/2000 4:51:00 PM
From: jjs_ynot  Read Replies (1) | Respond to of 2317
 
Ken,

Thanks for the input.

It appears that the market maker tries to hit the outside of the spreads bid on the stock and ask on the call.

I ended up legging out.

Regards,

Dave


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