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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: xun who wrote (110665)	5/13/2000 11:43:00 PM
From: Kenith Lee	Read Replies (1) \| Respond to of 1583913

Now I basically use market orders to trade options. Almost all my orders were executed at the middle of bid and ask. You may want to double check if the quotes E*Trade spits out is really real time. I know Waterhouse does not and on one exchange only. This is why I had to rely on CBOE's real time site ($8 per month). $8 is worth the insurance. Almost all of my orders showed up immediately on CBOE after I have placed them. I said almost because a few "lowly" traded options never show up. This is because the MM is unwilling to sell me the contracts. In many cases, as soon as I placed the buy order on the "ask" price, it changed higher even when the underlying stock moved down. This is clearly MM manipulation.