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


To: jjs_ynot who wrote (1361)4/15/2000 8:14:00 PM
From: KFE  Respond to of 2317
 
Dave,

Prior to this volatility spike the Pacific exchange decided to not turn off their auto execution system in fast markets. I've not tested them yet but it may be worth a try. I wonder if they are keeping their word. I guess if they keep the auto-ex on but no market makers sign on to it then it doesn't mean much.

Regards,

Ken



To: jjs_ynot who wrote (1361)4/16/2000 11:24:00 AM
From: OX  Read Replies (2) | Respond to of 2317
 
AMEX option quotes seem to have come back to reality this past week. executions seem to be ok. volatility really spiked up there on Wed after the first hour or so.

I bot to close some calls Wed morning near the opening and that afternoon, w/ the stock 4pts lower (on a $100+ stock), the calls I bot back was only 0.25 lower than where I covered... talking about volatility expanding!

then on Thurs, I sold some naked puts in the morning and later that afternoon (and even Fri) w/ the stock 2-3 pts lower, I could have closed my puts at even.

weird stuff.